Arete Industries ARET · USD

Its shares trade under the ticker ARET. It has been listed since 4 April 1994. In the fiscal year to 31 December 2017, it reported revenue of $974,483 and a net loss of $4.5m.

Arete Industries, Inc. engages in the acquisition and development of oil and natural gas reserves. The company is headquartered in Westminster, Colorado. The firm is engaged in the acquisition and development of oil and natural gas reserves through a program, which includes purchases of reserves, re-engineering, development and exploration activities primarily focused in Wyoming, Kansas, Colorado and Montana. Its segment includes the exploration, development and production of natural gas and crude oil. The firm holds interest in the producing oil and gas leases located in Sumner County, Kansas and Kimball County, Nebraska (collectively, the Properties and individually, the Padgett Properties and the Nebraska Properties). The company also owns a gas gathering system (pipeline and compressor station related assets) in Campbell County, Wyoming. The system consists of over 4.5 miles of eight-inch coated steel pipeline. This system has a throughput capacity of approximately four million cubic feet of gas per day.

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• Nicholas ScheidtChief Executive Officer, Director, since 2012
• Mr. Tristan FarelChief Financial Officer
• Mr. Charles DavisChief Operating Officer, Director, since 2006
• William StewartAssistant Secretary, Director, Interim Principal Accounting Officer
• Mr. Charles GamberSecretary$64,750
• Mr. Randall ArnoldDirector
• Robert McGrawDirector

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