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Home > Company Index > Energy > Oil & Gas Exploration & Production > GMX Resources Inc.

GMX Resources Inc.
Nasdaq (SC): GMXR
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 PROFILE
From northern panhandles to southern basins, GMX Resources explores for oil and natural gas. The Oklahoma-based independent company explores on more than 25,000 combined acres located in the Sedgwick basin in Kansas, the Hugoton basin in Kansas and Oklahoma, the Sabine Uplift in Texas and Louisiana, and the Tatum basin in New Mexico. With more than 70 net producing wells, GMX Resources has proved reserves of 72.2 billion cu. ft. of natural gas equivalent. President and petroleum geologist Ken Kenworthy Jr. and his father founded GMX Resources in 1998. Together they control about 68% of the company.

 COMPETITION
BP p.l.c. (BP)
Exxon Mobil Corporation (XOM)
Southwestern Energy Company (SWN)

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 FINANCIAL OVERVIEW
Fiscal Year-End: December
2000 Sales (mil.): 4.20
1-Yr. Sales Growth: 99.6%
Employees: 14
Revenue per employee: $300,000.00

 KEY PEOPLE
• Ken L. Kenworthy
    CEO
• Ken L. Kenworthy
    CFO

 CONTACT INFO
9400 N. Broadway, Ste. 600
Oklahoma City, OK 73114
US
Phone: 405-600-0711
Fax: 405-600-0600
Online: Web Site

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