With this merger, International Energy will seek out a slightly new direction in the oil and gas sector. International Energy/Standard Oil, now with its newly merged network of buyers and sellers and its new staff of oil and gas trading professionals, attorneys and CPAs, is expected to help facilitate the ease of process between buyers and sellers of actual, tangible allocations and lease development.
Jim McCormick, director and CEO of Standard Oil, said: “We appreciate this opportunity together with International Energy to move forward as one new company with many domestic and international oil and gas lease development opportunities already under contract.”
Standard Oil is engaged in oil and gas drilling, lease development and trading. The company also continues to search to acquire new oil and gas lease properties for exploration and future development both domestically as well as internationally.
