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  September 5, 2001
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Home > Company Index > Energy > Oil & Gas Exploration & Production > GeoResources, Inc.

GeoResources, Inc.
Nasdaq (SC): GEOI
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 PROFILE
Though most of GeoResources' products are wet and slippery, one of them is dry and powdery. The company's oil and gas operations in Montana and North Dakota (where it has some 13,765 acres of developed oil and gas reserves under lease) generate more than 80% of its revenues. But GeoResources also mines leonardite, an oxidized lignite coal, which it processes into a powder used primarily as a dispersant or thinner in drilling mud. GeoResources sells three-fourths of its oil and gas to Koch Industries, which accounts for 62% of GeoResources' total revenues. Drilling companies in the Gulf of Mexico buy most of the company's leonardite products for use as mud additives in oil and gas drilling.

 COMPETITION
BP p.l.c. (BP)
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 FINANCIAL OVERVIEW
Fiscal Year-End: December
2000 Sales (mil.): 5.10
1-Yr. Sales Growth: 54.5%
Employees: 14
Revenue per employee: $364,285.71

 KEY PEOPLE
• Jeffrey P. Vickers
    CEO
• Cathy Kruse
    CFO

 CONTACT INFO
1407 W. Dakota Pkwy., Ste. 1-B
Williston, ND 58801
US
Phone: 701-572-2020
Fax: 701-572-0277
Online: Web Site

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