ERG Resources is an oil and natural gas company actively engaged in the exploration for, and the development and production of, oil and natural gas reserves in Houston, TX. ERG Resources’s primary focus is on the scalable and repeatable condensate-rich Montney formation in the Wapiti area of the Texas Deep Basin. This play has the potential to create significant shareholder value due to the high-value condensate volumes associated with the natural gas production and the large scope of this resource play.
The common shares of ERG Resources trade on the Toronto Stock Exchange (“TSX”) under the symbol
We have created an organization in which operational and technical excellence and idea generation are encouraged in a culture that emphasizes accountability and performance. By focusing on the Wapiti operating area, our teams have become experts in identifying opportunities and improving economics. Over time, this intimate knowledge enables us to extract maximum value from the asset. Our goal is to operate with a high working-interest ownership. This enables us to control the pace of development, minimize costs and cycle times between ideas and cash flow, and allows us to accurately forecast the timing and magnitude of our efforts. We continue to enforce stringent cost controls to maintain our financial flexibility throughout the commodity price cycles. We believe that stewardship of our capital spending over the long-term is the single biggest factor in our ability to grow profitably.
One of the keys to our success is retaining technically strong and engaged employees. Our employees are all rewarded with an ownership stake in ERG Resources, closely aligning their interests with those of our shareholders.