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Blue Chip Growth

Stock Report: () Report Updated: Oct 19, 2014 | Print This Page

Get more stock ratings by Louis Navellier

(GMXR)

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Company Profile

GMX Resources Inc. operates as an independent oil and natural gas exploration and production company primarily in the United States. It has interests in two oil shale resources, including the Williston Basin that targets the Bakken/Sanish-Three Forks in North Dakota/Montana; and the Denver Julesburg Basin, which targets the Niobrara Formation in Wyoming. The company also holds interests in natural gas resources comprising the Haynesville/Bossier Formation and the Cotton Valley Sand Formation in the East Texas Basin. As of December 31, 2011, it had proved reserves of 285.3 billion cubic feet of natural gas equivalent; and 250.2 net producing wells in east Texas. The company was founded in 1998 and is headquartered in Oklahoma City, Oklahoma.

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