PrimeEnergy Corporation Announces They Have Been Included in Fortune Magazine's List of America's 100 Fastest-Growing Companies.STAMFORD, Conn. -- PrimeEnergy Corporation, headquartered in Stamford, Connecticut Stamford is a city in Fairfield County, Connecticut, United States. According to 2006 Census Bureau estimates, the population of the city is 119,261, making it the fourth largest city in the state. , has been included in a list of America's 100 Fastest Growing Companies that appears in the September 16, 2006 edition of Fortune Magazine. The Company's common stock is traded on the Nasdaq Stock Market Nasdaq stock market The first electronic stock market listing over 5000 companies. The Nasdaq stock market comprises two separate markets, namely the Nasdaq National Market, which trades large, active securities and the Nasdaq Smallcap Market that trades emerging growth companies. under the symbol PNRG. "We are proud that Fortune Magazine has named PrimeEnergy Corporation as one of the 100 fastest-growing companies in America. We attribute our success to all the hard working employees of PrimeEnergy" commented Beverly A. Cummings, Chief Financial Officer of the Company. The Company is engaged in the oil and gas business through the acquisition, exploration, development, and production of crude oil and natural gas. The Company owns interests in approximately 2400 wells, located primarily in Texas, Oklahoma, West Virginia West Virginia, E central state of the United States. It is bordered by Pennsylvania and Maryland (N), Virginia (E and S), and Kentucky and, across the Ohio R., Ohio (W). Facts and Figures Area, 24,181 sq mi (62,629 sq km). Pop. , the Gulf of Mexico Noun 1. Gulf of Mexico - an arm of the Atlantic to the south of the United States and to the east of Mexico Golfo de Mexico Atlantic, Atlantic Ocean - the 2nd largest ocean; separates North and South America on the west from Europe and Africa on the east , New Mexico, and Louisiana. The Company, through its subsidiaries Prime Operating Company operating company A business that engages in transactions with outsiders. , Southwest Oilfield Construction Company, Eastern Oil Well Service Company and EOWS EOWS Executive Office of Weed and Seed (US Department of Justice) EOWS Elements of Warcraft Source (gaming, World of Warcraft) EOWS Electro-Optic Weapons System EOWS Emergency Outdoor Warning System Midland Company, acts as operator and provides well servicing support operations for approximately 1500 of the onshore oil and gas wells in which the Company has an interest, as well as for third parties. The Company owns and operates properties in the Gulf of Mexico through its subsidiary Prime Offshore L.L.C. The Company's strategy is to develop a balanced portfolio of drilling opportunities that include low risk wells with a high probability of success and high risk wells with greater economic potential. The Company's capital expenditure budget for 2006 will exceed $100 Million. PrimeEnergy remains committed to developing domestic reserves and building on our knowledge and operating presence in the Southwest, Appalachian Basin and the Gulf of Mexico. |
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