Before Hallador Energy Company adopted its name, the business started out as Kimbark Oil and Gas Company in July 1951. The name Hallador is a Spanish word that means finder or discoverer. True to its name, the business is engaged in finding resources as it is registered as a mining company. Headquartered in Denver, Ohio, the business is the resulting company after Kimbark Oil and Gas Company merged with Hallador Exploration Company. It got incorporated in the state of Colorado.
As mining company, Hallador Energy is engaged in the mining of coal and in the exploration of oil and natural gas. The business has subsidiaries that operate in the states of Michigan and in Indiana. Sunrise Coal, LLC is the coal mining unit of the company. This venture operates in Indiana and serves the electric power generation industry. Its operations are located in the Carlisle Mine, Ace in the Hole Mine, Oaktown 1 Mine and Oaktown 2 Mine (commonly referred to as War Eagle Reserve). In the Carlisle Mine, the business has reported proven reserves of more than 53 million tons of coal. Additionally, they have 2.7 million tons in the Ace Mine, 44 million tons in Oaktown 1 Mine and 63 million tons in the Oaktown 2 Mine.
Savoy Energy, L.P is the company’s oil and natural gas exploration venture. This company works closely with other energy companies to provide its services in locating resources in promising regions in the country. Sunrise Energy, LLC also operates in Indiana as a gas exploration company. It continues to expand its operations by acquiring several promising properties across the country.
The business is a publicly traded company on the NASDAQ Capital Market. Common stocks of the business are marketed using the ticker symbol HNRG. The business is one of the components of the Wilshire 5000 Index.
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