Underground Energy Corporation
UGGYF
Other OTC0.00
USD
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- -
Return %
Stock
S&P500
1Y
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26.53
3Y
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76.60
5Y
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80.11
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- Sector
- Energy
- Industry
- Oil & Gas Exploration & Production
- Address
- IPO Date
- Jan 31, 2012
- Similar Companies
- Business
- Underground Energy Corporation explores, develops, and produces oil and natural gas with a primary focus on acquiring and exploiting large land positions in historically prolific and emerging shale formations. Founded in 2011 and headquartered in Santa Barbara, California, the company specializes in identifying, acquiring, and developing shale oil and gas resources to produce hydrocarbons. Its product portfolio primarily includes oil and natural gas extracted from shale plays. The company operates mainly in regions with significant shale formations in the United States. Recently, Underground Energy Corporation cancelled the acquisition of additional interests in the Zaca Field as part of its portfolio management strategy, reflecting a recalibration of its asset base and operational focus. This decision marks a significant operational change within the last two years. While it has a legacy in hydrocarbon exploration and production, the company has not publicly announced major expansions into other energy sectors or recent strategic alliances as of the latest available information. In industry context, Underground Energy Corporation fits within the oil and gas sector, targeting upstream exploration and production markets. It serves energy markets with a focus on fossil fuel resources typical for shale plays. The company remains focused on its core exploration and production business segments without noted recent diversification beyond hydrocarbons. Overall, Underground Energy Corporation is an upstream energy company engaged primarily in shale oil and gas exploration and production in the United States, founded in 2011 and headquartered in Santa Barbara, California, with recent operational decisions including cancellation of planned asset acquisitions to optimize its portfolio strategy.