Basin Exploration, Inc. - BSNX- Profile

Basin Exploration, Inc is an independent oil and gas company that explores, develops and acquires oil and gas properties. The company's operations are located in the Gulf of Mexico and selected areas of the onshore United States including the Gulf Coast and the Powder River and Green River Basins of Wyoming. The company shifted its operations from the traditional rocky mountain region to the shallow waters of the Gulf of Mexico. In 1999, the company participated in the drilling of 52 wells in the Gulf of Mexico. The company's activities include exploring and developing oil and gas properties in southern Louisiana and Texas. The company's initial public offering was in May 1992. The company has incurred $100,000 towards year 2000 expenses till date.