Double Eagle Petroleum Co.’s (NASDAQ: DBLE) common stock began trading under the ticker symbol "ESCR" as of April 1. This follows the company's recently announced name change to Escalera Resources Co., reflecting the repositioning of the company for future growth.
Additionally, the company's Series A cumulative preferred stock has begun trading under the ticker symbol "ESCRP."
Escalera Resources Co. will have offices in Houston, Texas; Denver, Colorado; and Casper, Wyoming. The company has historically explored and developed natural gas and crude oil properties in the Rocky Mountain region. It has development activities and opportunities in Wyoming in both the Atlantic Rim and on the Pinedale Anticline. Also, exploration potential exists in its Niobrara acreage in Wyoming and Nebraska, which totals over 70,000 net acres, and in its acreage in Nevada, which totals over 6,000 net acres. The company is actively pursuing new focus areas, including international and midstream opportunities.