Allied Resources, Inc. (OTCMKTS:ALOD) is a diversified energy and natural resource company focused on the acquisition, development and production of oil and gas properties in the United States. Through its wholly owned subsidiary, Allied Resources LP, the company acquires proven reserves in onshore basins and employs a combination of traditional drilling and modern completion techniques to optimize production. In addition to upstream activities, Allied Resources leverages its midstream capabilities to transport and market hydrocarbon liquids, providing a seamless value chain from wellhead to end‐user customers.
The company’s principal operations are concentrated in mature producing regions, including the Mid‐Continent play of Oklahoma and North Dakota’s Bakken formation. Allied Resources evaluates opportunities in underdeveloped acreage with existing infrastructure to reduce development costs and shorten time to first production. By integrating geoscience analysis, reservoir engineering and advanced completion methods, the company aims to maintain steady output levels while preserving capital efficiency.
Allied Resources also pursues strategic partnerships and joint ventures to expand its footprint and diversify its portfolio. These collaborations have enabled the company to participate in emerging plays as well as to optimize well spacing and drilling schedules across multiple acreage blocks. In parallel, Allied Resources maintains a disciplined environmental and safety program, aligning its field operations with industry best practices and regulatory compliance standards.
Founded in 1998 and headquartered in Houston, Texas, Allied Resources has built a management team with deep industry experience. Chief Executive Officer Robert J. Walker brings over 25 years of upstream leadership, while Chief Operating Officer Michael C. Adams oversees drilling and completion operations. The board of directors comprises former executives from leading exploration and production firms, guiding the company’s strategic direction as it seeks to grow reserves and deliver long-term value for stakeholders.
AI Generated. May Contain Errors.
Free ALOD Stock Alerts