LGX Highlights Illinois Basin Position, Appoints Regiment Securities as Investment Bank
With global supply disruptions renewing focus on domestic energy, LGX detailed its strategy of targeting proven, undeveloped oil fields in southwestern Indiana using high-resolution 3D seismic imaging, an approach the company says carries lower finding and operating costs than crowded shale plays. CEO Howard Crosby noted that "American energy security is rooted in domestic, regional infrastructure." The announcement also names Regiment Securities as LGX's investment bank for strategic advisory services.
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