Bowling Green / Kentucky / United States
Founded in 2003, Allied Energy, Inc. is a publicly traded oil and gas development company (PINKSHEETS: AGGI). The Company is engaged in the oil and gas exploration and development business, with operations located primarily across the states of Texas and Oklahoma. In addition to the acquisition of oil and gas leases and producing properties for its own account, Allied sponsors oil & gas partnerships through which it raises funds from Accredited Investors and Institutions for the drilling and development of oil & gas wells. The Company participates in and serves as managing general partner of the partnerships. The Companys subsidiaries include Allied Operating, LLC and Allied Operating, Texas, LLC, two operating companies that manage all of the drilling, development and operations of the oil & gas projects, as well as for other non-affiliated industry partners that are joint venture interest owners.
