Red Mountain Resources (RDMP) Stock Price, News & Analysis

Red Mountain Resources, Inc. is an energy company engaged in the acquisition, development and exploration of oil and natural gas properties. As of May 31, 2012, the Company had established acreage positions and production in the Permian Basin of West Texas and Southeast New Mexico and the onshore Gulf Coast of Texas. The Permian Basin covers an area approximately 250 miles wide and 300 miles long in West Texas and Southeast New Mexico. The Permian Basin includes onshore oil and natural gas producing regions in the United States. Its primary operations in the onshore Gulf Coast are in conventional fields that produce primarily from the Wilcox formation in Zapata and Duval Counties of Texas. In April and August 2012, the Company acquired oil and natural gas interests in approximately 320 gross and net acres in the Jackson Bough C Prospect in Lea County, New Mexico. It owns a 100% working interest and an 80% net revenue interest in this property.