Headlines
Internet Inquirer
New & Expanding Business
E&P Hotline
Rig Market
Mergers & Acquisitions
Firms & Faces
 

Industry News - Mergers & Acquisitions - Brighton to acquire Castle Oil and Gas Brighton to acquire Castle Oil and Gas
  by: OilOnline
  Tuesday, September 05, 2006

National Healthcare Technology, Inc. soon to be named Brighton Oil Inc. has entered into a purchase and sale agreement to acquire 100% of Castle Oil and Gas LLC. Castle is unique and well positioned in the oil and gas industry through its capital reinvestment program. Castle's success formula is to utilize tax deferred 1031 into oil and gas projects. Castle is currently in the final stages of closing a lease in Hutchinson County, TX, which comprises over 5700 acres with 85 producing oil and gas wells. The current gross income from the field is in excess of $200,000 per month. The company is paying Two Million dollars for Castle.

Castle was founded by experienced and seasoned oil and gas experts and professionals.

Dana Veitch. Mr. Veitch has been employed since 1979 in the producing property transaction side of the oil and gas business, totaling over $1b to date. Mr. Veitch's background as a Landman includes M&A operations with ARCO, Phillips Petroleum, Chevron USA, Anadarko and Kaiser-Francis Oil Company. Mr. Veitch was born in 1954 and raised in Tulsa, Oklahoma. He graduated from Western State College in Gunnison, Colorado in 1978.

Steven Hickox. Mr. Hickox has actively practiced law until 1981. He maintains an active law license in the State of Colorado. He is also a licensed real estate broker. In 1994, he founded 1031x.com, Inc. The company now has a twelve year track record of successful growth. During that time, 1031x.com has safely handled hundreds of millions of dollars in exchange transactions. Mr. Hickox founded Castle Oil and Gas with Mr. Sayre and Mr. Veitch. Mr. Hickox was born in 1952 in Vermont. He went on to attend Colorado State University graduating with a degree in Economics in 1977. He then attended University of Colorado Law School and received a JD in 1980. He was admitted to the Federal and Colorado Bar in 1981.

Chris Sayre. Mr. Sayre has worked with start up ventures and in financial planning for fortune 100 companies. Mr. Sayre co-founded 1031x.com, and has been in charge of marketing and finance since then. Mr. Sayre founded Castle Oil and Gas with Mr. Hickox and Mr. Veitch. Mr. Sayre was born in 1956 in Connecticut. Chris attended the University of Colorado, graduating with a degree in Geology. He later received an MBA in Business Administration specializing in finance from the University of Denver.


Mergers & Acquisitions sponsored by:

Click here to purchase your copies of the Houston/Texas Oil Directory today for only $89.00!

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

     
 


Advertise your company on OilOnline. Click here for info.

News - Key Indicators - Industry Info - Equipment & Services - Contact Us - Login
Copyright © 1996-2006 OilOnline/Atlantic Communications
All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.