Allied Energy, Inc. announced that the Company has recently formed Allied Operating Texas, LLC, a wholly owned subsidiary of Allied Energy, Inc.
“Allied Operating Texas, LLC was formed to operate our East Texas projects,” said Steve Stengell, Allied’s President.
Oil and natural gas drilling, completion and production operations involve a high degree of risk and uncertainty. The Company can make no assurances as it relates to estimated production, reserves, timelines, etc.
Allied Energy, Inc. is an independent energy development firm primarily engaged in the exploration, development, and production of oil and natural gas in the continental United States. The company relies upon its industry partners, well operators, geologists, petroleum engineers, recommendations from third parties and financial experts whose combined industry experience is essential to the success of each project. Allied Energy’s strategic focus is the development of oil and natural gas reserves. As the fuel of choice to meet the growing demand for a clean-burning domestically produced fuel, the company firmly believes its natural gas exploration strategy should provide substantial growth to the company for the years to come.