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Company:
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GMX RESOURCES INC
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Form Type:
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8-K
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Filing Date:
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10/4/2013
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CIK:
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0001127342
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Address:
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ONE BENHAM PLACE
SUITE 600
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City, State, Zip:
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OKLAHOMA CITY, Oklahoma 73114
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Telephone:
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(405) 600-0711
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Fiscal Year:
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12/31
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Description of Business
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GMX Resources Inc. and its subsidiaries (collectively, "GMX" the "Company",
"we," "us" and "our") is an independent oil and natural gas exploration and
production company with a portfolio of leasehold acreage in multiple resource
plays that allow us flexibility to deploy capital based on a variety of economic
and technical factors, including commodity prices (including differentials
applicable to the basin) well costs, service availability, and take-away
capacity.
Prior to 2011, the Company focused on the development of the hydrocarbon
formations in East Texas including the Cotton Valley Sands ("CVS") layer in the
Schuler formation and the Upper, Middle and Haynesville/Lower Bossier layers of
the Bossier formation (the "Haynesville/Bossier Shale", or "H/B"), in the Sabine
Uplift of the Carthage, North Field primarily located in Harrison and Panola
counties of East Texas (previously designated as our "primary development
area").
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