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Tapstone Energy history
Tapstone Energy company history timeline
Prior to graduating from the University of Tulsa’s College of Law in 1988, he was a landman with Getty Oil Company in its New Orleans district office, and with AMR Energy Corp. in Dallas, Texas.
Deregulation of wellhead natural gas sales began with the enactment of the Natural Gas Policy Act (the “NGPA”), and culminated in adoption of the Natural Gas Wellhead Decontrol Act which removed controls affecting wellhead sales of natural gas effective January 1, 1993.
The incentive units are intended to constitute “profits interests” within the meaning of IRS Revenue Procedures 93-27 and 2001-43.
Baker, is a practicing attorney whose primary client has been GSO since 2013.
The Company’s tax returns for tax years beginning in 2013 are subject to examination in various tax jurisdictions.
David M. Edwards joined Tapstone Energy, LLC in February 2014 as Senior Vice President – Finance and has served as Senior Vice President and Chief Financial Officer since October 2014.
The majority of our Kansas gas production is dedicated to, gathered, processed and purchased by Targa Resources, LLC (“Targa”) under a five-year agreement, effective as of May 2014.
Burger is a Managing Member of Amethyst Investments LLC (“Amethyst”), which she co-founded in June 2014.
Production for the year ended December 31, 2014 was comprised of 236 MBbls of oil, 1,946 MMcf of natural gas and 117 MBbls of NGLs.
In March 2015, the Company entered into a commercial lease for space in an office facility owned by TLW Real Estate Investments, LLC (“TLWR”) of which Tom L. Ward has an ownership interest.
State implementation of the revised NAAQS could result in stricter permitting requirements, delay or prohibit our ability to obtain such permits and result in increased expenditures for pollution control equipment, the costs of which could be significant. For example, in October 2015, the EPA lowered the National Ambient Air Quality Standard (“NAAQS”) for ozone from 75 to 70 parts per billion.
The competitive pricing levels under the December 2015 agreement with Enable with no minimum volume commitment allow us to control our pace of development in the NW Stack and eliminate risks associated with transportation and marketing.
A copy of Lee Keeling’s proved reserve report as of December 31, 2015 is included as an exhibit to the registration statement of which this prospectus forms a part.
In February 2016, the FASB issued ASU 2016-02, “Leases (Topic 842)” (“ASU 2016-02”). ASU 2016-02 establishes a right-of-use (“ROU”) model that requires a lessee to record a ROU asset and a lease liability on the balance sheet for all leases with terms longer than 12 months.
Effective August 1, 2016, to account for inflation, those maximum civil penalties were increased to $205,638 per violation per day, with a maximum of $2,056,380 for a related series of violations.
For example, in December 2016, the EPA released its final report on the potential impacts of hydraulic fracturing on drinking water resources.
Oil sales decreased 13%, or $11.4 million, for the year ended December 31, 2016 compared to the prior year primarily due to a 12% decrease in the average sales price per Bbl.
As of December 31, 2016, 48 gross (26 net) horizontal drilling locations were associated with proved undeveloped reserves in the NW Stack.
In addition, in December 2016 the OCC announced that it had identified a link between hydraulic fracturing and seismic events in the SCOOP and STACK. The commission linked well completion operations to low-level seismic events that occurred in July 2016 in Blanchard, Oklahoma.
ASU 2016-15 is effective for fiscal years beginning after
Our 2017 capital budget excludes any amounts that may be paid for acquisitions.
That new standard is now effective for annual reporting periods beginning after December 15, 2017.
2017 Long-Term Incentive Plan.
Base rent through the term of the lease will range from $1.1 million to $1.4 million annually with a termination date of March 2022.
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Tapstone Energy competitors
| Company name | Founded date | Revenue | Employee size | Job openings |
|---|---|---|---|---|
| Approach Resources | 2002 | $114.0M | 99 | - |
| Diamondback Energy | 2007 | $11.1B | 732 | 16 |
| Lonestar Resources | 2015 | $195.2M | 175 | 102 |
| Antero Resources | 2002 | $4.3B | 519 | 3 |
| Rsp Permian | 2010 | $803.7M | 180 | - |
| Jagged Peak Energy | 2013 | $565.0M | 94 | - |
| Evolution Petroleum | 2003 | $85.9M | 4 | - |
| Greka | 1999 | $2.0M | 200 | - |
Zippia gives an in-depth look into the details of Tapstone Energy, including salaries, political affiliations, employee data, and more, in order to inform job seekers about Tapstone Energy. The employee data is based on information from people who have self-reported their past or current employments at Tapstone Energy. The data on this page is also based on data sources collected from public and open data sources on the Internet and other locations, as well as proprietary data we licensed from other companies. Sources of data may include, but are not limited to, the BLS, company filings, estimates based on those filings, H1B filings, and other public and private datasets. While we have made attempts to ensure that the information displayed are correct, Zippia is not responsible for any errors or omissions or for the results obtained from the use of this information. None of the information on this page has been provided or approved by Tapstone Energy. The data presented on this page does not represent the view of Tapstone Energy and its employees or that of Zippia.
Tapstone Energy may also be known as or be related to Tapstone Energy, Tapstone Energy Inc., Tapstone Energy LLC and Tapstone Energy Llc.