PRESS RELEASE (08/06/2013) – Steve Stengell and Encore Energy provide acquisition and divestment services to buyers and sellers in the US oil and gas industry.
Steve Stengell and Encore specializes in evaluating and marketing PDP producing and PUD properties to the oil and gas industry. Encore represents both the buyer and seller of producing oil and natural gas properties.
Encore has previously facilitated the acquisition and sale of multiple Utica Shale HBP lease properties off-set to PDC Energy and Anadarko Petroleum in southeast Ohio and currently represents an additional 20,000 Utica Shale acres for lease. This acreage includes 10,000 contiguous HBP acres located in Washington, Athens and Meigs counties in which offer(s) have already been received.
As an advisory service, Encore can assist buyers and sellers in performing independent business and financial valuations of producing properties as well as identifying and acquiring future exploration and production projects and other energy-related investments, such as midstream opportunities.
Mr. Stengell is the President CEO, founder and majority shareholder of Encore Energy, Inc.
Mr. Stengell is the former CEO of a publicly traded operating company in Texas and Oklahoma and has made successful discoveries in the horizontal Woodbine and Georgetown Buda plays of Leon and Grimes counties, Texas.
Mr. Stengell holds a Bachelor’s degree in Corporate Finance from the University of Kentucky Gatton College of Business and Economics and an MBA from Western Kentucky University Gordon Ford College of Business. Stengell also completed the 2004 IPAA Harvard University executive management program and the “Reserves and Valuation” graduate certificate program at the Texas A & M Harold Vance Department of Petroleum Engineering in 2005. Mr. Stengell recently participated as a guest speaker at the 2013 Utica Shale Congress in Columbus, Ohio.
Encore is currently finalizing agreements with a private investment group to identify, evaluate, acquire and operate oil and gas properties including existing oil and gas production and domestic non-conventional resource oil and liquids plays across the domestic US.
For more information, please contact Steve Stengell or Joe Turner at (270) 842-1242.
Cautionary Statement: This release contains forward looking statements and certain goals and/or timelines may or may not be achieved by the Company. There can be no assurance as to the successful capital raise necessary to fund various oil and gas projects for the Company. There exist tremendous risk and uncertainty associated with oil and natural gas exploration and development. No assurances can be made as to the future production rates, reserves, etc. for any given project. It is impossible to accurately forecast oil and/or natural gas production rates, reserves, prices, lease operating expenses, etc. Production estimates may be reported in natural gas equivalent. It is also impossible to accurately predict or estimate the future value of Encore. No assurances can be made that the company will raise the necessary level of funding and/or achieve results from future operations to make the proposed future operations herein profitable. This is not an offer to sell a security nor is it an offer to buy a security. An offer will only be made to by a prospectus and this is not a prospectus.