Erin Energy Corp: An Independent Oil and Natural Gas Company

Erin Energy Corporation is one of the energy companies in the United States that holds its corporate office in Houston, Texas. The company is registered as one of the independent oil and natural gas exploration businesses that continues to focus its resources in operations outside the country. The business focuses on harnessing the energy resources in Africa.

As a global player in the oil and natural gas industry, Erin Energy has a rich portfolio of properties in several countries in Africa. Part of its portfolio is the 9 licenses that cover an area of about 43,000 square kilometers (10 million acres). These licenses include production and exploration properties that are located in Kenya, Gambia, Ghana and in Nigeria. The business continues to seek for opportunities of expanding their operations and their portfolio by acquiring more properties in resources-rich areas where they operate nearby. In Nigeria, the company has a 100% interest in oil mining leases. Their property in the country includes the Oyo Field, which achieved its first oil production in 2009. The acreage of the company in Kenya includes 36,913 kilometers of property that is smack in the center of the Lamu Basin. They also have ultradeep water operations in the Indian Ocean. In Gambia, Erin Energy maintains two exploration licenses and operates within the greater Senegal-Basin. It is in the Shallow Water Tano Block in Ghana that the company operates in the country.

The operations of the company were rolled out through their strong ties with much bigger oil and gas businesses. It has partnerships with CONOCO, BP, Statoil and ENI. Prior to adopting its current brand name, the business was introduced as Cameroon-American Company (CAMAC). It was not until 2015 that the business adopted its new brand name.

Erin Energy Corporation remains publicly traded on the New York Stock Exchange, where it began trading in 2010. Common shares of the business are marketed using the ticker symbol ERN. In 2014, the business made its debut on the Johannesburg Stock Exchange.