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

10/27/2003
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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