logo for GMT Exploration

GMT Exploration

Energy, Utilities & Waste · Colorado, United States · 28 Employees

View Company Info for Free

About

Headquarters

1560 Broadway Ste 2000, Denver, Colorado, 80202...

Revenue

$6.3 Million

Industry

Energy, Utilities & Waste Treatment General Energy, Utilities & Waste Treatment

Recent News & Media

No recent news or media

Highlights

$81.4M

Total Funding Amount

<$5M

Most Recent Funding Amount

4

Number of Funding Rounds

Who is GMT Exploration

GMT Exploration Company LLC is a privately held independent oil and natural gas company currently engaged in the generation, operation and development of oil and natural gas properties primarily located in Alaska, East Texas, Montana, New Mexico and Wyoming. The Company is a limited liability company formed in January 2005 to continue a portion of the former business activities of its predecessor company (GMT Energy Corp). GMT Energy Corp was incorporated March 14, 1991, and subsequently sold in 2005 returning over $180 million of pre-tax cash to investors. GMT Exploration Company's fundamental strategy is to identify, acquire and prove up large operated resource style plays. The Company's business strategy is designed to maximize returns on invested capital through a build, develop and selectively sell strategy. The individual components of the Company's business strategy are identified below: - Capitalize on technical expertise - Project generation through an experienced team with a proven track record - Pursue joint ventures and strategic acquisitions - Grow through exploration and development drilling - Maintain financial flexibility The Company's capital resources consist primarily of cash flow from oil and gas properties, returns from property sales, asset-based borrowing supported by oil and gas reserves and private equity. Since 2005, the Company has completed several private offerings raising $111 million of gross proceeds. As of June 30, 2011, GMT has grown its total book assets to $145.6 million, or a compounded growth rate of 15% since 2005. The Members Capital has similarly grown to $136.9 million, or a compounded growth rate of 16%. Users should carefully review information contained on the Important Disclosures page. The content contained on this site is believed to be accurate at the time it was posted, but is provided to users "AS IS" without any express or implied warranty as to merchantability, non-infringement, accuracy, completeness, timeliness, sequencing, fitness for a particular ...Read more

GMT Exploration's Social MediaPopular SearchesGmt Exploration Company LLCGMT EXPLORATION CoGMT Exploration Company Texas LLCGmt ExplorationGmt Energy CorpSIC Code 13,138NAICS Code 21,213Show more

GMT Exploration Org Chart

Thomas Claugus

Chief Executive Officer & Chairman

PhoneEmail
John Brussa

President

PhoneEmail

PhoneEmail

PhoneEmail

Similar Companies to GMT Exploration

GMT Exploration Company Metrics

Company Insights
Employee Growth Rate
Funding
Funding DateJun 11, 2020
RoundDebt
Amount<$5M
InvestorsPPP
Funding DateMay 11, 2016
RoundPrivate Equity
Amount$35M
Investors
Funding DateApr 26, 2015
RoundPrivate Equity
Amount$36.6M
Investors
See More

$81.4M

Total Funding Amount

<$5M

Most Recent Funding Amount

4

Number of Funding Rounds

GMT Exploration Tech Stack

A closer look at the technologies used by GMT Exploration

Top Companies in United States

Top 10 companies in United States by revenue

Top 10 companies in United States by number of employees

Top 10 companies in United States by total funding amount

See top companies

Frequently Asked Questions regarding GMT Exploration

Where is GMT Exploration located?
GMT Exploration's headquarters are located at 1560 Broadway Ste 2000, Denver, Colorado, 80202, United States
What is GMT Exploration's official website?
GMT Exploration's official website is www.gmtexploration.com
What is GMT Exploration's Revenue?
GMT Exploration's revenue is $6.3 Million
What is GMT Exploration's SIC code?
GMT Exploration's SIC: 13,138
What is GMT Exploration's NAICS code?
GMT Exploration's NAICS: 21,213
How many employees does GMT Exploration have?
GMT Exploration has 28 employees
What industry does GMT Exploration belong to?
GMT Exploration is in the industry of: Energy, Utilities & Waste Treatment General, Energy, Utilities & Waste Treatment
What is GMT Exploration competition?
GMT Exploration top competitors include: Nine Point Energy LLC, United Exploration LLC, Auterra Energy LLC, My Oil Pro LLC
What technology does GMT Exploration use?
Some of the popular technologies that GMT Exploration uses are: Gravity Forms, PHP, Google Font API, jQuery
Who is the CEO of GMT Exploration?
GMT Exploration's CEO is Thomas Claugus
What does GMT Exploration do?

GMT Exploration Company LLC is a privately held independent oil and natural gas company currently engaged in the generation, operation and development of oil and natural gas properties primarily located in Alaska, East Texas, Montana, New Mexico and Wyoming. The Company is a limited liability company formed in January 2005 to continue a portion of... the former business activities of its predecessor company (GMT Energy Corp). GMT Energy Corp was incorporated March 14, 1991, and subsequently sold in 2005 returning over $180 million of pre-tax cash to investors. GMT Exploration Company's fundamental strategy is to identify, acquire and prove up large operated resource style plays. The Company's business strategy is designed to maximize returns on invested capital through a build, develop and selectively sell strategy. The individual components of the Company's business strategy are identified below: - Capitalize on technical expertise - Project generation through an experienced team with a proven track record - Pursue joint ventures and strategic acquisitions - Grow through exploration and development drilling - Maintain financial flexibility The Company's capital resources consist primarily of cash flow from oil and gas properties, returns from property sales, asset-based borrowing supported by oil and gas reserves and private equity. Since 2005, the Company has completed several private offerings raising $111 million of gross proceeds. As of June 30, 2011, GMT has grown its total book assets to $145.6 million, or a compounded growth rate of 15% since 2005. The Members Capital has similarly grown to $136.9 million, or a compounded growth rate of 16%. Users should carefully review information contained on the Important Disclosures page. The content contained on this site is believed to be accurate at the time it was posted, but is provided to users "AS IS" without any express or implied warranty as to merchantability, non-infringement, accuracy, completeness, timeliness, sequencing, fitness for a particular ...Read More

What are GMT Exploration social media links?
GMT Exploration Linkedin page
How much funding has GMT Exploration raised to date?
GMT Exploration has raised $81.4 Million in 4 funding rounds
When was the last funding round for GMT Exploration?
GMT Exploration closed its last funding round on Jun 11, 2020 with the amount of <$5 Million
Is GMT Exploration a public company?
GMT Exploration is private company therefore does not currently have an official ticker symbol
See more information about GMT Exploration

Get Started with ZoomInfo

Register for free

Sign Up for Free

Get started for free! No credit card needed. Enjoy up to 25 free contacts each month at no cost.
Elevate your prospecting to the next level

Supercharge Your Prospecting

Search ZoomInfo's database of 106M+ companies and 140M+ professionals to find your next lead.
Expand your business

Grow Your Business

Reveal both personal and business contact details, including emails and phone numbers, and close your most valuable buyers.