December 26, 2012

Cover Story

CEO of the Year

Utah’s business landscape is rich with professionals who have le...Read More

Featured Articles

Did you go Skiing this winter?

Around Utah

Sections

Spotlight
Martin Plaehn

Spotlight
Karen Sendelback

Legal Briefs
Social Media and Employers: Friends or Enemies?

Money Talk
The Case for HSAs

Economic Insight
Time to Show Up

Lessons Learned
Make a Move

TechKnowledge
In the Lab

EntrepreneurEdge
Rent to Own

Business Trends
Back from the Dead

Executive Living
Artful Inspiration

Features
A Breath of Fresh Air

Features
Worst-Case Scenario

Regional Report
Northern Utah

Focus
Measure Up

Industry Outlook
Travel & Tourism

Players
Players

Article

Richfield Oil & Gas Company to Develop and Monetize Oil and Gas Assets

Press Release

December 26, 2012

Richfield Oil & Gas Company, ‘ROIL’ ("Richfield"), announced that it has engaged Global Hunter Securities as its financial advisor in connection with a proposed financing that will allow Richfield to further implement its growing land acquisitions in both Utah and Kansas and to execute its current drilling plans in its Kansas owned oil assets. Richfield currently expects that the proposed financing will occur during the first quarter of 2013.

Douglas Hewitt, Richfield’s chairman, president and CEO, said, “We are very pleased to announce this timely engagement with Global Hunter. The focus of our mutual goals will be to assist Richfield in accelerating production and revenue objectives from Richfield’s owned properties. Global Hunter has proven itself as remarkably efficient in assisting companies like Richfield reach milestones of production and in identifying and high-grading acquisitions in line with specific corporate strategies. We look forward to a long and fruitful relationship between our companies.”

Richfield is an independent oil and natural gas company headquartered in Salt Lake City, Utah with substantially all of its producing assets located in Kansas and additional leasehold assets in Utah and Wyoming.

Founded in April 2011 by seasoned industry executives, Richfield is dedicated to creating significant value through the disciplined acquisition and the development of its inventory of assets. Richfield is seeking to acquire assets within its areas of focus that have been determined to be low-risk development properties. Richfield purchases are primarily on a negotiated basis, utilizing its strong industry relationships. Richfield evaluates potential acquisitions by analyzing each wellbore in each field to identify upside potential.

In addition to its acquisition strategy, Richfield continues to develop and grow organically through the exploitation and development of its existing field inventory by the use of drilling, workover, recompletion and other lower-risk development projects to increase reserves and production.

Global Hunter Securities, LLC (GHS) is a full-service investment bank focusing on natural resources-related sectors including Energy, Metals & Mining, Industrials and Shipping. GHS provides insightful research, innovative capital raising and financial advisory and restructuring services supported by a robust sales and trading staff for both equity and high yield with worldwide reach.

For more information, visit www.richfieldoilandgas.com.

Utah Business Social
UB Events View All
Health Care HeroesUtah Business Event
Oct 21, 2014
Please join us, along with our sponsors, MountainStar Healthcare, and Roseman University in honor...
Content Marketing BootcampUtah Business Event
Oct 28, 2014
Please join Utah Business Magazine and Adobe, along with our other sponsors: Boostability, Right ...
Sustainable Business Awards 2014Utah Business Event
Nov 13, 2014
Utah Business magazine along with presenting sponsor Big D Construction, is pleased to announce t...
Community Events View All
St. George Book Festival - Authorpalooza Festival Kick-Off
Oct 20, 2014
St. George Book Festival - Authorpalooza Festival Kick-Off
St. George Book Festival - Learn, Discover and Journey through the World of Books!
Oct 20, 2014
October 20-25, 2014 Welcome to the St. George Book Festival. This annual FREE festival is the ...

info@utahbusiness.com  |  90 South 400 West, Ste 650 Salt Lake City, Utah 84101   |  (801) 568-0114

Advertise with Utah Business

Submit an Event

* indicates required information
* Event Name:
Price (general):
Website (if applicable):
Coordinator's Name:
Coordinator's Email:
Coordinator's Phone:
Venue Name:
Venue Address:
Venue City:
Venue Zip:
Event Capacity:
Date(s):
to
* Event Description:
  Cancel