Pacific Energy & Mining Company
PEMC
Other OTC0.04
USD
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Pacific Energy & Mining Company
PEMC
(Other OTC)
Recent
price
0.04
P/E
ratio
- -
div
yld
- -
ROIC.AI
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in mil. unless spec.- Similar Companies
- Business
- Pacific Energy & Mining Company (PEMC) operates as an independent oil and gas exploration and production company focused on non-operated working interests in properties located in the United States. The company holds interests in oil and gas fields including the Cisco Spring and Cisco Town Site fields in Grand County, Utah, and the Greentown Gas Condensate Field spanning Emery and Grand Counties, Utah; it markets natural gas, natural gas liquids, natural gas condensate, and crude oil. Founded in 1979 and headquartered in Reno, Nevada, PEMC conducts its primary operations in Utah. In 2019, the company filed for Chapter 11 bankruptcy protection, which converted to Chapter 7 liquidation proceedings in the US Bankruptcy Court for the District of Utah on November 7; subsequent trustee actions included asset sales such as oil and gas properties in 2021.
Pacific Empire Commences Fifth Drill Hole at the Trident Copper-Gold Project, British Columbia