| Amen Properties is a Christian corporation with a strategic asset - a $28 million net operating loss accumulated during the company's "dot com" past which can be used to shield future earnings from taxes. Amen seeks to own strong, profitable energy-related assets and businesses. Currently, Amen owns businesses and assets which fall into two categories: Energy Services and Energy Resources. |
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| Energy Services Priority Power, a wholly-owned subsidiary of Amen Properties, is an independent energy management and consulting services firm whose sole purpose is to act as an extension of their clients' staff to mitigate the risk and overcome the challenges associated with energy supply, information and demand management. Priority Power has over 1,200 clients representing 7.1 billion kilowatt hours and $650 million in annual energy consumption. For more information, visit Priority Power's web site at www.prioritypower.net. |
| Energy Resources Amen owns royalty and working interests in over 1,200 properties in twelve states through its ownership of SFF Royalty, LLC (33.3% ownership) and SFF Production, LLC (79.1% owner), the entities which own the interests formerly held by Santa Fe Energy Trust. Additionally, the Company owns a 5% working interest and 4% net revenue interest in producing wells located on the 30,000 acres of the Permian Basin known as the Yarborough and Allen Field. |
Q109 Earnings released.
Read here.
Read here.