Ram Oil & Gas, LLC Announces New Corporate Identity: TriDimension Energy
Posted on: Friday, 7 December 2007, 09:00 CST
DALLAS, Dec. 7 /PRNewswire/ -- Ram Oil & Gas, LLC, a successful Dallas-based oil and gas company with proven reserves approaching 6 million barrels of oil and over 3 billion cubic feet of gas, today announces its new identity will be TriDimension Energy, LLC. The company, owned by President Allen Mann and COO James Ryan, officially unveiled the new name, announced a multi-million dollar acquisition of the Lake St. John Field in Louisiana, and discussed its operations spanning Texas, Louisiana, and Mississippi.
"TriDimension Energy, as an identity, is an outstanding representation of the people, innovative technology, and commitment to local communities that form the basis of our success and rapid growth," said Allen Mann, President of TriDimension Energy. "Our success is credited to an unprecedented team of individuals from every discipline, each possessing the judgment, wisdom, and resourcefulness that comes from years in their field."
With its primary focus on finding oil in existing fields, TriDimension Energy is re-developing historic fields by restoring wells to production, re-completing wells in previously tested reservoirs, and aggressively drilling new wells.
As part of this strategy, TriDimension just completed a $7 million acquisition of the shallow rights for the Lake St. John Field, a former Exxon property in the Concordia and Tensas Parishes on the eastern border of Louisiana. With the acquisition, TriDimension Energy joins Denbury Resources Inc., the field's deep rights holder.
In November 2007, TriDimension Energy, through its operating affiliate Axis Onshore, LLC, was the fourth largest oil producer in the Monroe District and a no. 39 onshore oil producer in Louisiana with production in 2007 of 168,000 barrels from 90 wells.
About TriDimension Energy
TriDimension Energy is a Dallas-based oil and gas company with operations in Texas, Louisiana, and Mississippi. TriDimension has an 83 percent drilling success rate and proven reserves approaching 6 million barrels of oil and 3 billion cubic feet of gas. Committed to environmental stewardship, the State of Louisiana has granted TriDimension Energy development access to more state land than any other company. More information is available at http://www.tridimensionenergy.com/.
TriDimension Energy, LLC
CONTACT: Russell Driver of TriDimension Energy, LLC, +1-972-267-2099,rdriver@tridenergy.com
Web site: http://www.tridimensionenergy.com/
Source: PRNewswire
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