Energytek Corp. (ENTK) 0.0915 $ENTK
EnergyTEK Corp. Enters Letter of Intent to Joint Venture 3 Well Oil Lease and Equipment in Kentucky
PR Newswire - Tue Apr 07, 8:30AM CDT
EnergyTEK Corp. (OTCQB:ENTK) announced today that it has entered into a Letter of Intent with Energy Management Resources LLC ("EMR"
to form a joint venture to acquire the Working Interest of EMR, the lease operator, for up to 3 oil wells in Kentucky. The acquisition would also include all existing equipment associated with the first well drilled by EMR. Terry Vickery, Managing Member of EMR, commented, "We are excited at the prospect of a joint venture with EnergyTEK in this promising oil production area, and look forward to completing our joint venture due diligence soon."
EnergyTEK Corp. to Pursue a Distressed Energy Asset Acquisition Program
PR Newswire - Mon Mar 02, 12:05PM CST
EnergyTEK Corp. (OTC:ENTK) announced today that it is developing a distressed energy asset acquisition program. Craig Crawford, CEO of EnergyTEK, stated, "The precipitous drop in the price of West Texas Intermediate (WTI) crude prices from over $105 per bbl to $45-50 per bbl will create enormous opportunities to buy energy related assets of all kinds. Inasmuch as the management and board of directors of EnergyTEK have prior experience of working and living through the crash in oil prices in the 1980's, we are in a unique position to understand the magnitude of this opportunity and believe that energy related assets such as equipment, leases and production will be available for pennies on the dollar." Mr. Crawford went on to say, "With a combination of cash and equity for these acquisitions, EnergyTEK and its shareholders can be in a position to benefit in the short term by utilizing our processes for enhancing production of marginal wells and, long term, when these asset prices recover in the future."
EnergyTEK Corp. Names Dr. Tommie Morgan to Board of Directors
PR Newswire - Tue Feb 10, 8:09AM CST
EnergyTEK Corp. (OTCQB:ENTK) announced today that it has named Tommie Morgan, Ph.D. to its Board of Directors. Dr. Morgan was also named Secretary of the Company. Dr. Morgan is a Medical Physicist, who specializes in state-of-art technology related to Diagnostic, Nuclear and Health Physics. From 1982 to 1989 he served as Chief, Diagnostic Physics and Associate Professor at MD Anderson Hospital & Tumor Institute, University of Texas System Cancer Center in Houston, Texas. Dr. Morgan has long-time business experience consulting with numerous hospitals and medical centers throughout the United States including, but not limited to, consulting regarding business plans, budgets, cash flow, staffing requirements, operational needs, equipment acquisitions and regulatory compliance. Dr. Morgan also brings extensive experience in investing in oil and gas ventures. Craig Crawford, CEO of EnergyTEK stated, "We are pleased that Dr. Morgan has agreed to join our Company. He brings widespread experience dealing with issues of corporate management as well as a depth of knowledge of the oil and gas industry. We expect that his knowledge and experience will be of great benefit to the Company and its stockholders."
EnergyTEK Corp. Upgrades to Trade on the OTCQB Marketplace
PR Newswire - Tue Feb 03, 10:23AM CST
EnergyTEK Corp. (OTCQB: ENTK) announced today that it has met the qualifying standards to trade on the OTCQB Marketplace.
EnergyTEK Corp. Operating Sub, Texas Gulf Exploration & Production, Inc., Wins New Oilfield Service Work
PR Newswire - Wed Oct 29, 9:24AM CDT
EnergyTEK Corp. (OTC:ENTK) announced today that its wholly owned subsidiary, Texas Gulf Exploration & Production, Inc. (TGEP) recently won new servicing work on the Brawley lease in Lockhart, Texas. TGEP successfully reentered and commenced oil production on wells that had previously been out of service for some extended period of time. Damon Wagley, President of TGEP, commented "With oil prices dropping of late, it is even more critical to our customers to keep their oilfields producing, and we do the work at very competitive rates. The safe production of oil and gas for our customers is our first priority. With our flat management structure and low overhead, we are seeing more opportunities for service work and oil lease acquisitions every day, and our crews are quite busy going forward."
EnergyTEK Corp. Enters Letter of Intent to Joint Venture 3 Well Oil Lease and Equipment in Kentucky
PR Newswire - Tue Apr 07, 8:30AM CDT
EnergyTEK Corp. (OTCQB:ENTK) announced today that it has entered into a Letter of Intent with Energy Management Resources LLC ("EMR"
to form a joint venture to acquire the Working Interest of EMR, the lease operator, for up to 3 oil wells in Kentucky. The acquisition would also include all existing equipment associated with the first well drilled by EMR. Terry Vickery, Managing Member of EMR, commented, "We are excited at the prospect of a joint venture with EnergyTEK in this promising oil production area, and look forward to completing our joint venture due diligence soon." EnergyTEK Corp. to Pursue a Distressed Energy Asset Acquisition Program
PR Newswire - Mon Mar 02, 12:05PM CST
EnergyTEK Corp. (OTC:ENTK) announced today that it is developing a distressed energy asset acquisition program. Craig Crawford, CEO of EnergyTEK, stated, "The precipitous drop in the price of West Texas Intermediate (WTI) crude prices from over $105 per bbl to $45-50 per bbl will create enormous opportunities to buy energy related assets of all kinds. Inasmuch as the management and board of directors of EnergyTEK have prior experience of working and living through the crash in oil prices in the 1980's, we are in a unique position to understand the magnitude of this opportunity and believe that energy related assets such as equipment, leases and production will be available for pennies on the dollar." Mr. Crawford went on to say, "With a combination of cash and equity for these acquisitions, EnergyTEK and its shareholders can be in a position to benefit in the short term by utilizing our processes for enhancing production of marginal wells and, long term, when these asset prices recover in the future."
EnergyTEK Corp. Names Dr. Tommie Morgan to Board of Directors
PR Newswire - Tue Feb 10, 8:09AM CST
EnergyTEK Corp. (OTCQB:ENTK) announced today that it has named Tommie Morgan, Ph.D. to its Board of Directors. Dr. Morgan was also named Secretary of the Company. Dr. Morgan is a Medical Physicist, who specializes in state-of-art technology related to Diagnostic, Nuclear and Health Physics. From 1982 to 1989 he served as Chief, Diagnostic Physics and Associate Professor at MD Anderson Hospital & Tumor Institute, University of Texas System Cancer Center in Houston, Texas. Dr. Morgan has long-time business experience consulting with numerous hospitals and medical centers throughout the United States including, but not limited to, consulting regarding business plans, budgets, cash flow, staffing requirements, operational needs, equipment acquisitions and regulatory compliance. Dr. Morgan also brings extensive experience in investing in oil and gas ventures. Craig Crawford, CEO of EnergyTEK stated, "We are pleased that Dr. Morgan has agreed to join our Company. He brings widespread experience dealing with issues of corporate management as well as a depth of knowledge of the oil and gas industry. We expect that his knowledge and experience will be of great benefit to the Company and its stockholders."
EnergyTEK Corp. Upgrades to Trade on the OTCQB Marketplace
PR Newswire - Tue Feb 03, 10:23AM CST
EnergyTEK Corp. (OTCQB: ENTK) announced today that it has met the qualifying standards to trade on the OTCQB Marketplace.
EnergyTEK Corp. Operating Sub, Texas Gulf Exploration & Production, Inc., Wins New Oilfield Service Work
PR Newswire - Wed Oct 29, 9:24AM CDT
EnergyTEK Corp. (OTC:ENTK) announced today that its wholly owned subsidiary, Texas Gulf Exploration & Production, Inc. (TGEP) recently won new servicing work on the Brawley lease in Lockhart, Texas. TGEP successfully reentered and commenced oil production on wells that had previously been out of service for some extended period of time. Damon Wagley, President of TGEP, commented "With oil prices dropping of late, it is even more critical to our customers to keep their oilfields producing, and we do the work at very competitive rates. The safe production of oil and gas for our customers is our first priority. With our flat management structure and low overhead, we are seeing more opportunities for service work and oil lease acquisitions every day, and our crews are quite busy going forward."
