Harvest Natural Resources, Inc.
HNR
New York Stock Exchange6.62
USD
-0.43
- -
CIK
0000845289
CUSIP
41754V202
Return %
Stock
S&P500
1Y
- -
26.53
3Y
- -
76.60
5Y
- -
80.11
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- Sector
- Energy
- Industry
- Oil & Gas Exploration & Production
- Address
- United States of America
- IPO Date
- Nov 7, 1989
- CIK
- 0000845289
- Similar Companies
- Business
- Harvest Natural Resources, Inc. Harvest Natural Resources, Inc. (HNR) engages in the acquisition, exploration, development, production, and disposition of oil and natural gas properties in geological basins with proven active hydrocarbon systems; its core activities encompass petroleum exploration and production assets, including interests in offshore acreage and development projects. The company operates across segments such as Gabon, Indonesia, the United States, and other regions, with historical principal operations in Venezuela and Russia prior to asset sales. Founded in 1988 and headquartered in Houston, Texas, Harvest Natural Resources focuses on low-entry-cost opportunities with substantial hydrocarbon potential, supported by technical and operating teams in key locations including regional offices in Singapore and Caracas. In recent major changes, Harvest Natural Resources completed the sale of its Venezuelan interests to CT Energy Holding SRL in 2016 for net cash proceeds of approximately $69.4 million after adjustments, exiting operations there following prolonged negotiations and government-related challenges; it also sold its Gabon interests, including a 66.667% stake in the Dussafu Block via HNR Energia B.V. to BW Energy Gabon Pte. Ltd. in late 2016 under a definitive purchase agreement. These divestitures positioned the company to evaluate cash distributions to stockholders and potential dissolution, with stockholder approval for liquidation granted in February 2017, marking a strategic wind-down of operations. Earlier, in 2015, it secured $32.2 million in funding through senior secured and convertible notes from CT Energy Holding SRL, alongside a strategic partnership to enhance Venezuelan asset value via Petrodelta S.A., while repaying prior debt and funding Gabon exploration.