HKN Snapshot
HKN (formerly Harken Energy) harkens back to the days when a certain President George W. Bush was an oil man. HKN, which bought Bush's small oil company more than a decade ago, explores for and produces oil and gas primarily in the US, where it has interests in oil and gas wells in the Gulf Coast region of Texas and Louisiana, and holds coalbed methane assets in the Midwest. Internationally, it has stakes in exploration and production assets in South America (Global Energy Development, 34%) and in Canada (Spitfire Energy, 27%). In 2008 HKN reported proved reserves (all in the US) of 4.2 billion cu. ft. of gas and 1.5 million barrels of oil. Lyford Investments Enterprises owns 36% of the voting stock of HKN.