United Energy (UNRG) Action Cours

United Energy Corp. develops and distributes specialty chemical products. The company is headquartered in Plano, Texas and currently employs 8 full-time employees. The company went IPO on 2002-04-26. The firm is focused on the development of natural gas and oil reservoirs in the Cherokee Basin located in Northeastern Oklahoma and Southeastern Kansas. Its premier holdings include assets and operations in Texas, Oklahoma, Kansas, and Louisiana. The firm owns or has operations in over 250,000+ acres of leasehold, 3,200+ wells, and 1,100 miles of natural gas pipelines. The company owns an interest in an approximately 6.9-million-barrel oil storage facility being developed 14 miles from the Gulf of Mexico. The company also owns a minority interest in a planned oil storage terminal facility in Louisiana with 6.8 million barrels of oil initial storage capacity 14 miles from the Gulf Coast. The company has invested in cleaner, more reliable forms of energy production with its Natural Gas asset base in Oklahoma.