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Balance Sheet Cash Flow Statement 120 Prosperous Place, Ste. 201 Lexington, KY 40509-1844 KY Tel. 859-263-3948 Toll Free 800-977-2363 Fax 859-263-4228 |
Type: Public
On the web:
http://www.ngas.com
Employees:
122
Employee growth: 4.3%
In gas we trust could be the new motto for NGAS Resources (formerly Daugherty Resources). The former gold and gas exploration company now primarily searches for and produces natural gas (and some oil) in the Appalachian and Illinois basins through subsidiary Daugherty Petroleum. NGAS Resources has proved reserves of 105.2 billion cu. ft. of natural gas equivalent. In 2004 the company began to operate Duke Energy's Stone Mountain natural gas gathering system. It acquired this system in 2006. The company also owns Sentra Corporation, a Kentucky public utility. NGAS Resources' inactive mining assets are in Alaska.
Key numbers for fiscal year ending December, 2008:
Sales: $84.4M
One year growth: 20.2%
Net income: $2.9M
Officers:
Chairman, President, and CEO: William S. Daugherty
CFO: Michael P. Windisch
VP Sales: Michael Hughes
Competitors:
Belden & Blake
Cabot Oil & Gas
Petroleum Development
