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Is Ferrari Energy For Sale?

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Is Ferrari Energy For Sale?

In late January, Scott Fey, chief executive officer of Ferrari Energy, LLC, filed papers with the Colorado Secretary of State in Office renaming the firm into The Petram Group LLC. The new company was established as a non-resident limited liability corporation with a place listed as Delaware, based on official state documents. The firm's speech is c/o Scott H. Scott, LLC, P.O. Box 4684, Denver, CO.. At the time, Scott was working as an executive of Scottrade adam ferrari.

According to industry specialists, The Petram Company purchases from oilfield midstream companies and refineries, among other sources, a vast array of minerals including iron ore, coal, limestone, gas, oil shale, natural gas, and coal, among many others. In the last few years, however, the company has gotten more involved in Colorado and New Mexico, in which its resources are concentrated. In both countries, it has made strategic partnerships as firms in these countries struggle to find buyers for their assets.

The formation of this Petram Group LLC, through which Ferrari Energy works, is a strategic move by the company, in anticipation of future sales in those 2 states. In 2004, Scott Enterprises, Inc. purchased a significant part of the stocks of Ferrari Energy for approximately $300 million. The purchase was made as part of a deal brokered by Scott along with his partners, John Combs and Mike Webster, who had previously worked together at Scottrade. Combs is now the president of The Petram Group.

Because of that acquisition, the land located on the Trans-reservoir property in Colorado was offered to Scott and several other personal vendors. In exchange for selling that property to them, the group from which Ferrari Energy has purchased it developed a new marketing strategy in cooperation with the vendors, aimed at helping them find prospective buyers for your property. 1 means that the company has tried to boost its capacity to market gas and oil leases in Colorado and New Mexico is by highlighting the value of the properties in these two states for potential buyers. In 1 example, the organization's listing of this Breckenridge Energy Park among the greatest priorities in promoting mineral rights in Colorado emphasizes the demand for land in this country to be appealing to potential buyers.

The business also realizes that improving its understanding of the hydrocarbon market will help it in future transactions. Currently, it has signed on with New Mexico drilling companies to explore for and extract additional quantities of gas and crude oil from the state. According to an interview with Mario Fernandez, Ferrari Energy's vice president of exploration, these new connections with private oil and gas businesses will only fortify Ferrari Energy's position as the premier seller of prolifically productive private oil and gas leases ferrari energy. The signing of an arrangement with a well-known, successful and large private oil company could certainly help raise the amount of leases and properties offered by other sellers, particularly in the U.S. territory.

As we could see, the organization is working hard to boost sales by expanding the geographical focus of its activities and obtaining more acreage. It doesn't seem to be conscious, however, that it may want to enlarge its activities in order to satisfy the requirements of the market. If the present trend continues, we can anticipate new personal oil and gas business companies to develop. For now, however, it is apparently working with limited partners at the Breckenridge area. And it seems to be focusing most of its efforts on creating and selling land in Colorado and New Mexico. If this trend continues, we can anticipate more Ferrari Energy available in Colorado.

 

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