CREDO Petroleum Corporation (NASDAQ: CRED)
Denver, CO 80202-3837 (Map) Phone: 303-297-2200
Fax: 303-297-2204
http://www.credopetroleum.com
Overview
CREDO Petroleum believes strongly in fossil fuels: It explores for, produces, and markets natural gas and crude oil in the US Gulf Coast, Midcontinent, and Rocky Mountain regions. The company has traditionally concentrated on shallow and medium-depth properties (7,000-9,000 ft.), but in recent years it has launched projects in Kansas and South Texas (where it is drilling to well depths ranging from 10,000 to 17,000 ft.). In 2008 the company reported estimated proved reserves of 15.5 billion cu. ft. of gas and 710,000 barrels of oil. Subsidiary United Oil operates the company's properties in Oklahoma, and CREDO Petroleum's other subsidiary, SECO Energy, owns royalty interests in the Rocky Mountains.
Sample OverviewKey Numbers from Hoover's UK
Key financials for CREDO Petroleum Corporation (NASDAQ: CRED)
| Company Type | Public (NASDAQ: CRED) |
|---|---|
| Fiscal Year-End | October |
| 2011 Sales (mil.) | £16.8 |
| 1-Year Sales Growth | 45.0% |
| 2011 Net Income (mil.) | £3.5 |
| 1-Year Net Income Growth | 59.7% |
| 2011 Employees | 15 |
| 1-Year Employee Growth | 7.1% |
Key People from Hoover's UK
Key people and executives for CREDO Petroleum Corporation (NASDAQ: CRED)
| Chairman | James T. Huffman (Subscribers see complete biographies -- view sample)
|
|---|---|
| President, CEO, and Director | Marlis E. Smith Jr. |
| CFO and Secretary | Alford B. Neely |
Top Competitors from Hoover's UK
Top competitors of CREDO Petroleum Corporation (NASDAQ: CRED)
There are 12 competitors for CREDO Petroleum; see more.Industry Information from Hoover's UK
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