XR Energy, Inc.
XREG
Other OTC0.00
USD
- -
- -
CIK
0001535194
ISIN
US9838101023
CUSIP
983810102
Return %
Stock
S&P500
1Y
- -
19.01
3Y
- -
65.48
5Y
-98.33
72.20
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.- CEO
- Allan D Smethers
- Sector
- Industrials
- Industry
- Specialty Business Services
- Address
- 8411 Sterling Street Irving TX United States of America
- IPO Date
- Jun 9, 2014
- CIK
- 0001535194
- Website
- xrenergy.com
- Similar Companies
- Business
- XR Energy, Inc. (XREG) provides energy consulting services to smaller middle-market companies, primarily in the New York metropolitan area; owns and operates oil and gas leasehold properties in Texas; and implements energy efficiency and renewable energy projects, including technical services for natural gas procurement, energy brokerage, and oil field maintenance activities such as remediation, workover, water flood, and new drilling development programs. The company targets middle-market clients seeking cost-effective energy solutions and operates within the oil and gas exploration and production industry, as well as energy services sectors. Founded on August 31, 2009, and headquartered at 8411 Sterling Street, Suite 102, Irving, Texas 75063, XR Energy serves customers across the United States with a focus on regional operations in Texas and the Northeast. In recent developments, XR Energy has pursued strategic acquisitions to expand its operational capabilities, including entering the completion phase of an acquisition agreement with XRT through the issuance of 30 million newly issued shares to XRT shareholders and announcing progress on purchasing an oil servicing company to reduce lifting costs, acquire a service rig, and secure additional equipment and personnel for lease maintenance. The company has also signed a letter of intent to acquire New York-based real estate investment and management assets, alongside acquiring several oil properties with staged development plans. These moves represent significant operational expansions within the last few years, enhancing its self-sufficiency in oil and gas production and servicing.