| | Business Summary | | Enex
Resources
Corporation
is
engaged
in
the
business
of
acquiring
interests
in
producing
oil
and
gas
properties.
Since
1982,
the
Company
has
financed
most
of
its
oil
and
gas
activities
through
the
public
sale
of
interests
in
limited
partnerships
formed
to
purchase
and
hold
working
interests
and
other
operating
and
non-operating
interests
in
producing
oil
and
gas
properties
(the
Partnerships).
During
1995
through
1997,
11
partnerships,
with
aggregate
investor
subscriptions
totaling
approximately
$54
million,
were
liquidated.
Effective
June
30,
1997,
the
remaining
34
partnerships
were
consolidated
into
Enex
Consolidated
Partners,
L.P.
(the
Consolidated
Partnership).
In
February
1998,
3TEC
Energy
Corporation
(3TEC),
(formerly
Middle
Bay
Oil
Company,
Inc.)
began
a
$15
per
share
cash
tender
offer
for
100%
of
the
outstanding
common
stock
of
the
Company. | | More
from
Market Guide: Expanded
Business Description |
| | Financial Summary | | Enex
Resources
Corp.
acquires
interests
in
producing
oil
and
gas
properties
and
managing
oil
and
gas
income
limited
partnerships.
For
the
six
months
ended
6/30/01,
total
revenues
increased
57%
to
$2.1
million.
Net
income
increased
17%
to
$977
thousand.
Revenues
benefitted
from
increased
oil
and
gas
sales
due
to
increased
prices.
Net
income
was
partially
offset
by
the
inclusion
of
income
tax
expense. | | More
from
Market Guide: Significant
Developments |
| | |
| Position | | Floyd Wilson, 53 | Chairman,
CEO | | R. Walker, 43 | Pres,
CFO | | Stephen Herod, 41 | Exec.
VP- Corp. Devel., Sec., Director | | Shane Bayless, 33 | VP,
Controller, Treasurer | | Mark Holt, 44 | Assistant
Sec. |
| More
from
Market Guide on Officers & Directors:
Expanded
List, Bios,
Compensation,
Options
|
|
![[one-year price graph]](http://chart.yahoo.com/c/0b/e/enex.ob.gif)