Velocity Energy Inc (VCYE) Earnings

Velocity Energy Inc. is an independent energy company, which engages in the acquisition, development, exploration, and production of oil and natural gas. The company is headquartered in Houston, Texas. The company went IPO on 2001-06-21. The firm is engaged in the acquisition, development, exploration and production of natural gas and oil. The firm has two primary areas of operations, including the State Waters of Texas in Matagorda Bay, and the five county producing areas in West Virginia. Its core business strategy is based on growing the Company by completing one or more acquisitions of producing properties with upside locations to be drilled and by participating in drilling prospects generated in-house and by third parties. Its subsidiaries include Sonterra Oil & Gas, Inc., Velocity Energy Offshore LP, Velocity Energy Partners L.P, Velocity Energy Limited LLC and others.