- CEO
- Clark W. Edwards
- Full Time Employees
- 199
- Sector
- Energy
- Industry
- Oil & Gas Exploration & Production
- Address
- 210 Park Avenue, Suite 2750 Oklahoma City OK United States of America 73102
- IPO Date
- Jul 28, 2023
- Business
- PostRock Energy Corporation (PSTRQ) operates as an independent energy company engaged in the exploration, development, production, and sale of natural gas and oil properties. The company focuses on acquiring, exploiting, developing, and producing oil and natural gas resources, primarily through its upstream operations in the Mid-Continent region of the United States, including areas in Oklahoma, Kansas, and Colorado; it markets its production to third-party purchasers and pipelines. PostRock holds interests in approximately 190,000 net acres, with core assets centered in the Hugoton and Central Kansas Uplift fields, where it employs horizontal drilling and advanced completion techniques to enhance recovery from shale and conventional reservoirs.[web:previous]
Founded in 2000 and headquartered in Wichita, Kansas, PostRock targets utility companies, industrial users, and local distribution companies as key customers within the North American oil and gas sector. Its service portfolio includes lease operating services provided through subsidiaries such as PostRock Midcontinent and PostRock Services, which manage well maintenance, compression, and field operations across its acreage. The company previously operated additional segments like midstream gathering and processing, though these have been divested in prior years to streamline its upstream focus.[web:previous]
In recent developments, PostRock Energy Corporation filed for Chapter 11 bankruptcy protection in 2016 amid low commodity prices and high debt levels, leading to a significant operational restructuring and asset sales; the ticker symbol PSTRQ reflects its delisted, distressed status on OTC markets. No major partnerships, funding rounds, acquisitions, or new product launches have been reported in the last 1-2 years, as the company remains in a post-bankruptcy wind-down phase with minimal active operations. This follows earlier strategic shifts, including the 2014 sale of non-core assets and leadership changes to address liquidity challenges.