GMXR.PR Dividend History & Description — GMX Resources Inc.
GMX Resources s an independent oil and natural gas exploration and production company with a portfolio of leasehold acreage in multiple resource plays. Co.'s oil resource plays in the U.S. include the Williston Basin of North Dakota/Montana, and in the oil window of the Denver Julesburg Basin of Wyoming. Co. also has oil and gas properties in East Texas including the Cotton Valley Sands layer in the Schuler formation and the Upper, Middle and Haynesville/Lower Bossier layers of the Bossier formation. As of Dec. 31, 2011, Co.estimated total proved reserves were 285.30 billion cubic feet of natural gas equivalent. Co.'s reserves at Dec. 31, 2011 were 96.4% gas and 57% proved developed.