AMEN Properties, Inc. · Midland, TX United States ·(NASDAQ (CM): AMEN)
Company Description
View AMEN Properties, Inc. Locations On A US Map
This link will open in a new window
This link will open in a new window AMEN Properties' is hoping that the answer to its prayers are power and energy, and a little property thrown in for good measure. The company's Priority Power subsidiary provides energy management and consulting services. This unit has current or previous business activities in Texas and 21 other states, and serves more than 1,200 clients (including a large number of oil and gas companies.) These activities include electricity load aggregation, natural gas and electricity procurement, energy risk management, and energy consulting. AMEN Properties also invests in commercial real estate in secondary markets and in oil and gas royalties. To read the full description, subscribe now.
Call Now at 866-464-3202 or Click here for a Free Hoover's Trial!
Key AMEN Properties, Inc. Financials
| Company Type | Public - NASDAQ (CM): AMEN Headquarters |
| Fiscal Year-End | December |
| 2007 Sales (mil.) | $14.3 |
| 2007 Employees | 27 |
AMEN Properties, Inc. Executives
10 executives listed for AMEN Properties, Inc.'s Midland, TX location.
| Title | Name & Bio | Contact |
| Chairman | Eric Oliver | Network |
| CEO and Director | Jon Morgan | Network |
| COO | Kevin Yung | Network |
Competition
Competitive Landscape for AMEN Properties, Inc.
Demand for electricity is driven by industrial and commercial activity and by population growth. The profitability of individual companies depends on the efficiency of their operations. Large companies have economies of scale in purchasing power; small companies can compete effectively by specializing in geographic regions. The industry is capital-intensive: average annual revenue per worker is about $2 million. The traditional electricity industry consisted of investor-owned utilities, municipal utilities, cooperatives, and government entities that owned the generation, transmission, and retail distribution facilities within a limited area and served all customers within that area as tightly regulated "natural monopolies." Though "natural monopolies" still exist, the electric energy industry in the US underwent a restructuring driven by changes in federal and state laws in the 1990s. In restructured, or deregulated, markets, generation, transmission, and distribution operations are carried out by separate companies, and the owners of local distribution lines make their lines available to competitors. The intended purpose of moving toward a less regulated electricity market was to decrease the cost of electricity by fostering competition among producers. One practical effect was the divestment of generation facilities by many investor-owned utilities. Despite the popularity of restructuring activities initially, as of mid-2009 only 14 states had deregulated their electricity industries. Several other states, including California, launched restructuring initiatives before suspending them, in part because of concerns that restructuring caused electricity rates to rise. Many local electricity distributors are still owned by utility holding companies that also own power generation facilities, wholesale transmission lines, and wholesale power trading companies. To read the full description, subscribe now.Top AMEN Properties, Inc. Competitors
Call Now at 866-464-3202 or Click here for a Free Hoover's Trial!