Mammoth Resource Partners

Last updated

Mammoth Resource Partners, Inc.
Company type Private
Industry Oil and Natural Gas Exploration
Founded2004
Headquarters Cave City, Kentucky
Key people
Dr. Roger L. Cory, CEO, Daniel R. Northcutt, President
Number of employees
More than 30 worldwide (2008)
Website www.mammothresource.com

Mammoth Resource Partners, Inc, is a private company specializing in oil and natural gas exploration in the Appalachian Basin of the United States. It is majority owned by CEO and founder Roger L. Cory. Daniel R. Northcutt is the president and chief operating officer. Its litigation problems began almost immediately. [1] [ when? ] These legal issues continued with various private settlements and included a federal trial, [2] alleging various securities violations and fraud.

Contents

Company information

Since inception, Mammoth Resource Partners has completed 73 wells for oil and natural gas. Of the last[ timeframe? ] 40 consecutive drillings, Mammoth Resource Partners has struck producible hydrocarbons in all wells. While Mammoth explored for oil in its first years, today[ timeframe? ] the company focuses almost exclusively on exploration of natural gas.

The company employs approximately 30 men and women at its headquarters and field services offices. Mammoth Resource Partners owns or controls the mineral rights to over 15,000 acres (61 km2) of Appalachian Basin property and is quickly becoming one of the region's top natural gas producers.

Headquarters

Mammoth Resource Partners is headquartered in Cave City, Kentucky, which provides relatively close proximity to its 15,000 acres (61 km2) of lease and land holdings in the Appalachian Basin. Mammoth also has a field services location in Burkesville.

Timeline

• Mammoth Resource Partners, Inc. incorporated in April 2004 • Mammoth Premier released May, 2004 • Mammoth Discovery released July, 2004 • Mammoth Reveal released December, 2004 • Mammoth Reserve released March, 2005 • Mammoth Opportunity released July, 2005 • Mammoth Prosperity released October, 2005 • Mammoth Advantage released September, 2005 • Mammoth Conversion begins production April, 2006 • Mammoth Exclusive begins production February, 2007 • Mammoth Vista begins production April, 2007 • Mammoth Succession begins production May, 2007 • Mammoth Progression begins production February, 2008 • Chimney Rock project begins production March, 2008

Environmental policies and procedures

Mammoth Resource Partners' commitment to environmental safety is expressed through its field policies, which are designed to minimize its environmental impact.

Business ethics

Mammoth Resource Partners built its business model around the concept of corporate transparency. Partners in Mammoth projects are given access to a proprietary Partner Communication Systems, which informs them of their project's progress and production in near real time. The Internet data delivery is coupled with monthly letters written by Mammoth President Dr. Roger L. Cory to each Partner reporting that month's project activity in detail.

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References

  1. "Order" (PDF). kfi.ky.gov. April 13, 2007. Archived from the original (PDF) on October 6, 2010.
  2. "Bennett et al v. Mammoth Resource Partners, et al". Dockets.justia.com. Archived from the original on April 2, 2019. Retrieved April 2, 2019.