JED Oil Company Description
With Jed Clampett-like confidence in the future of oil discovery, JED Oil's strategy is to develop and operate low risk and low cost oil and natural gas assets in Western Canada, particularly ones near proven fields in Alberta, and in the US Rockies. Subsidiary JED Oil (USA) is developing oil and gas assets in North Dakota and Wyoming. In 2007 the company reported estimated proved reserves of 3 million barrels of oil equivalent. However, JED Oil's confidence has been shaken; it has been experiencing financial difficulties and in 2008 the company was forced to seek government protection from creditors under the Companies' Creditors Arrangement Act.
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The Company Description provides a historical perspective of JED Oil's organization from inception to current status.
Produced by Hoover's in-house editorial team, the Company Description tracks ownership transitions, company progress via mergers and acquisitions, major growth milestones, and strategic initiatives, to provide a holistic view of JED Oil's evolution in the marketplace.
