On August 1, 2013
Gaither Asset Management, Inc.(GAM), an affiliate that owns oil and gas properties that Gaither Petroleum operates, sold GAM's working interest, its partners working interest and operatorship of the South Hampton Field assets in Hardin County, Texas. The effective date of the sale is July 1st, 2013.
The South Hampton Field divestment is the first sale in our planned 2013-14 Hardin/Tyler/Harris County Asset divestment package. This divestment package also includes assets in the Beech Creek and Buna Fields in Hardin County, as well as assets in East Spurger in nearby Tyler County. Plans also include future divestment of some assets in Harris County.
Gaither Petroleum Corporation: Maximizing Potential
Energy Today Magazine - Summer 2010 Edition
by Adam Swift
Where most of the big oil exploration companies won’t spend the time to develop smaller and marginal oil fields, Houston-based Gaither Petroleum has excelled in that market.
“We can dig out value where the majors and larger independents can’t seem to capitalize on it,” said O. Duane Gaither, president. “We have people who are able to ignore the conventional thinking and capitalize on that smaller and marginal field focus. That’s not to say that we can’t or won’t operate larger, more quality fields, because we do, but when you are in the acquisition market, it’s easier to acquire the older, marginal properties that other companies may be divesting.”