GeoResources explores for, develops oil, gas in the Williston basin

GeoResources Inc., Williston, ND, explores for oil and natural gas in the North Dakota and Montana portions of the Williston basin. The company also operates a contract drilling subsidiary, Western Star Drilling Co., as well as a coal mine and processing plant at Williston.The mining operations produce leonardite, a type of oxidized lignite coal, which is processed into specialty products, including drilling-mud additives. The oil and gas segment historically contributes more than 70% of the company's revenue and earnings.GeoResources Inc. Pres. and CEO Jeffrey P. VickersGeoResources formed Western Star Drilling because of a drilling rig shortage in parts of the Williston basin. In Se...

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