Camber Energy, Inc., an independent oil and natural gas company, engages in the acquisition, development, and sale of crude oil, natural gas, and natural gas liquids (NGL) in the Cline shale and upper Wolfberry shale in Glasscock County, Texas. As of March 31, 2020, its total estimated proved reserves were 133,442 million barrels of oil equivalent comprising 54,850 barrels of crude oil reserves, 43,955 barrels of NGL reserves, and 207,823 million cubic feet of natural gas reserves. The company was formerly known as Lucas Energy Inc. and changed its name to Camber Energy, Inc. in January 2017. Camber Energy, Inc. was incorporated in 2003 and is based in Houston, Texas.
IPO Year:
Exchange: AMEX
Website: camber.energy
HOUSTON, TX / ACCESSWIRE / September 6, 2023 / Camber Energy, Inc. (NYSE:CEI) ("Camber" or the "Company") is pleased to announce that John McVicar, CPA, CA, MBA, ICD.D, has been appointed the Chief Financial Officer of the Company, replacing Frank Barker who retired effective September 1st, 2023 and will remain available to the Company as a consultant on an as-needed basis. Mr. McVicar has been the CFO of Viking Energy Group, Inc., Camber's wholly-owned subsidiary, since June, 2022.Mr. McVicar brings more than 30 years of international business experience in Management Consulting and Finance. His previous roles include Consulting Partner at a Big 4 firm, CFO of a TSX-listed company and sever
HOUSTON, TX / ACCESSWIRE / October 9, 2024 / Camber Energy, Inc. (OTCQB:CEIN) ("Camber" or the "Company") today announced that it received a new patent within its portfolio of Broken Conductor Protection technologies, which are designed to assist utility companies with wildfire mitigation, public safety and grid resiliency initiatives.The new patent, entitled " End of Line Protection with Blocking", was issued by the U.S. Patent and Trademark Office (USPTO) on October 8, 2024 to the Company's majority-owned subsidiary, Viking Sentinel Technology, LLC, and is in addition to patents previously disclosed by the Company.Broken electrical conductors pose a public safety risk due to the possibilit
Results Indicate CEI's "Ozone" Waste Treatment System Meets World's Strictest Testing Standards (NFX 30-503) HOUSTON, TX / ACCESSWIRE / July 29, 2024 / Camber Energy, Inc. (NYSE:CEI) ("Camber" or the "Company") is pleased to announce that results from specialized testing of the Company's patented medical waste treatment unit using ozone, specifically its VKIN-300 model, demonstrate the unit will comply with French Standard NFX 30-503-2, which is regarded as one of the world's strictest standards for waste decontamination equipment.The results, received in mid-July, 2024, were in connection with tests performed on the VKIN-300 model in April of this year at the Company's facility in Edmonton,
HOUSTON, TX / ACCESSWIRE / July 26, 2024 / Camber Energy, Inc. (NYSE:CEI), a growth-oriented energy company ("Camber" or the "Company") announces today, that on July 2, 2024, the United States District Court for the Southern District of Texas, issued an order providing for preliminary approval of a proposed settlement of the claims asserted nominally on behalf of Camber against the individual defendants named in the previously disclosed stockholder derivative action, Case No. 4:22-cv-02167, pending before the court.The order set a final approval hearing for September 12, 2024, at 2:00 p.m. at the United States District Court for the Southern District of Texas, Houston Division, 515 Rusk Stre
Separating water first from the exhaust stream now makes zero-carbon power generation possible HOUSTON, TX / ACCESSWIRE / July 15, 2024 / Camber Energy, Inc. (NYSE:CEI) ("Camber" or the "Company"), a growth-oriented diversified energy company, shared today the most recent announcement from ESG Clean Energy, LLC ("ESG") advising that ESG's carbon capture system has achieved capturing 100% of the CO2 from a combustion exhaust stream, making it possible for any internal combustion engine - big or small - to have no carbon dioxide emissions.ESG's patented system consists of a two-step process: first removing the water from the exhaust and then capturing the CO2. Drying the exhaust more than doub
ESG's CO2-Capture Prototype Finally Installed and Tested at Site in Holyoke, MAHOUSTON, TX / ACCESSWIRE / July 8, 2024 / Camber Energy, Inc. (NYSE:CEI) ("Camber" or the "Company"), a growth-oriented diversified energy company, shared today the most recent announcement from ESG Clean Energy, LLC ("ESG") advising that test results of the recently installed carbon-capture prototype at ESG's facility in Holyoke, MA indicate ESG's patented water removal technology enables at least twice as much carbon to be captured per pound of adsorbent.This is an industry-changing outcome as it will significantly reduce the size and cost of carbon capture systems, making them much easier and economical to impl
ESG's CO2-Capture Prototype Finally Installed and Tested at Site in Holyoke, MA HOUSTON, TX / ACCESSWIRE / July 2, 2024 / Camber Energy, Inc. (NYSE:CEI) ("Camber" or the "Company"), a growth-oriented diversified energy company, shared today the most recent announcement from ESG Clean Energy, LLC ("ESG") advising that test results of the recently installed carbon-capture prototype at ESG's facility in Holyoke, MA indicate ESG's patented water removal technology enables at least twice as much carbon to be captured per pound of adsorbent.This is an industry-changing outcome as it will significantly reduce the size and cost of carbon capture systems, making them much easier and economical to imp
HOUSTON, TX / ACCESSWIRE / June 24, 2024 / Camber Energy, Inc. (NYSE:CEI) ("Camber" or the "Company"), today announced the successful conclusion of critical independent testing of its Broken Conductor Protection Technology for Electric Transmission Systems.The comprehensive testing, which included over fifty real-time-digital-simulations of broken conductors using varying voltage levels at different points of a transmission line, demonstrated the reliability and effectiveness of Camber's technology in de-energizing a broken conductor before it contacts the ground or a grounded structure, thereby preventing the conductor from being a source of ignition or a danger to life and property.This te
HOUSTON, TX / ACCESSWIRE / June 20, 2024 / Camber Energy, Inc. (NYSE:CEI) ("Camber" or the "Company"), a growth-oriented diversified energy company, today shares an open letter to shareholders. Dear Shareholders,The Company is not involved in the day-to-day trading of its stock in the public market, nor does the Company receive proceeds from the trading of its stock in the secondary market, but we are definitely sensitive to market conditions and their impact on the stock price of many companies, including ours which, in my opinion, does not reflect the value of the organization.Thanks to our dedicated team, Camber has achieved many important milestones over the past several months and by
Installation of New Hybrid Power System Using Lithium Titanate Oxide Battery Storage HOUSTON, TX / ACCESSWIRE / June 18, 2024 / Camber Energy, Inc. (NYSE:CEI) ("Camber" or the "Company") is pleased to announce a new project with Western Canada's largest telecom provider concerning the installation, servicing and testing of a unique Hybrid Generator system utilizing cutting edge Lithium Titanate Oxide Battery storage, commonly referred to as "LTO batteries", to support continuous connectivity to cell towers in remote regions in the country.The pilot project will take place near Conklin, AB, where the average winter temperature hovers around three degrees Fahrenheit. The sub-zero conditions in
HOUSTON, TX / ACCESSWIRE / June 7, 2024 / Camber Energy, Inc. (NYSE:CEI) ("Camber" or the "Company") announces with great sadness that its Director, Lawrence (Larry) B. Fisher, has passed away after a brief illness. Mr. Fisher served as a director of the Company since December 2023, and served as a director of Viking Energy Group, Inc., a wholly-owned subsidiary of Camber, since August 2018.Commenting on Mr. Fisher's passing, the Company's CEO, James Doris, "Larry was an invaluable member of our organization and we will be forever grateful for his wisdom, wit and support. He will be greatly missed. We extend our deepest condolences to Larry's family".On behalf of its Board of Directors, mana
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Separating water first from the exhaust stream now makes zero-carbon power generation possibleHOUSTON, TX / ACCESSWIRE / July 15, 2024 / Camber Energy, Inc. (NYSE:CEI) ("Camber" or the "Company"), a growth-oriented diversified energy company, shared today the most recent announcement from ESG Clean Energy, LLC ("ESG") advising that ESG's carbon capture system has achieved capturing 100% of the CO2 from a combustion exhaust stream, making it possible for any internal combustion engine - big or small - to have no carbon dioxide emissions.
Camber Energy, Inc. (NYSE:CEI) ("Camber" or the "Company") is pleased to announce receipt of an ∼$3.8 million (CDN) purchase order for a three and one half megawatt customized secondary power system, features of which include:GE Transportation 16V250 Liquid Cooled, Twin Turbo Charged, Inter-Cooled, Diesel Fuel Tier 2 Engine with:4870 Continuous HP @ 900 RP250mm Bore x 320mm Stroke251.2 Liter DisplacementV - 16 Cylinder DesignDC Electronic Governor24VDC ElectricalsHydronic Heat Exchanger Type Jacket water heaterStamford AVK DIG150n/8 900 RPM, Three Phase Alternator with:2402/4160 Volt, 608 Amps @ 0.8 p.f. with 80 C Temperature RiseDrip Proof EnclosureThree Phase Sensing Automatic Voltage Regu
Camber Energy (AMEX:CEI) reported quarterly losses of $(0.19) per share. This is a 96.83 percent increase over losses of $(6.00) per share from the same period last year. The company reported $8.29 million in sales this quarter. This is a 8.77K percent increase over sales of $93.47 thousand the same period last year.
Camber Energy, Inc. (NYSE:CEI) ("Camber" or the "Company") is pleased to announce the recent shipment of certain power generation products, including multiple custom generator sets, by its majority owned subsidiary, Simson-Maxwell, Ltd., a leading manufacturer and supplier of power generation products, services and custom energy solutions. Details of certain shipments in Q-2 are as follows:
ESG's Test Results Show Greater Than 99% Efficiency
ESG Advises Testing of Industry-Changing Water Removal System Exceeds ExpectationsCamber Energy, Inc. (NYSE:CEI) ("Camber" or the "Company"), a growth-oriented diversified energy company, shared today the announcement from ESG Clean Energy, LLC ("ESG") advising the results of recent testing of ESG's patented water removal system at its active power generation site in Holyoke, MA, were consistent with and/or exceeded ESG's modeled forecasts and confirms, according to ESG, capturing carbon dioxide can now be achieved at a low cost and in an energy-efficient manner utilizing ESG Clean Energy's industry-changing technology (the "ESG Clean Energy System").Camber, through its subsidiary, has licen
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HOUSTON, TX / ACCESSWIRE / December 27, 2022 / Camber Energy, Inc. (NYSE:CEI) ("Camber" or the "Company") announced today that it entered into an agreement (the "PSA") to acquire all of the issued and outstanding membership interests (the "Purchased Interests") of certain privately-ownedcompanies (collectively, the "Acquired Companies") which in turn own interests in certain oil and gas properties and related equipment and other tangible personal property, including working interests in approximately one hundred sixty nine (169) proved producing oil wells (producing approx. two thousand (2,000) barrels of oil per day (net)), one hundred seventy four (174) proved non-producing wells and twelv
A Significant Step in the Company's Diversification StrategyHOUSTON, TX / ACCESSWIRE / August 9, 2021 / Camber Energy, Inc. (NYSE:CEI) ("Camber" or the "Company") is pleased to announce the acquisition, through its majority-owned subsidiary, of a majority interest (⁓ 60.5%) in Simson-Maxwell Ltd. ('Simson-Maxwell'). Other shareholders include Simmax Corp., an existing shareholder of Simson-Maxwell for ⁓ 20 years, and Remora EQ LP, another strategic stakeholder.Simson-Maxwell is a leading manufacturer and supplier of industrial engines, power generation products, services and custom energy solutions. The company integrates innovative technology with superior products to contribute to global e
Robert K. Green Joins Camber Energy's Board of Directors HOUSTON, TX / ACCESSWIRE / February 2, 2021 / Camber Energy, Inc. (NYSE American:CEI) ("Camber" or the "Company") is pleased to announce that Robert K. Green has joined Camber's Board of Directors. Mr. Green's appointment was effective December 23, 2020, i.e., the day Camber acquired a majority interest in Viking Energy Group, Inc. (https://ir.camber.energy/press-releases/detail/661/camber-energy-inc-acquires-51-of-viking-energy-group) As a former Fortune 100 chief executive officer in the energy, telecommunication and utility industries, Mr. Green has extensive experience in capital markets, mergers and acquisitions, and regulatory
HOUSTON, TX / ACCESSWIRE / December 29, 2020 / Camber Energy, Inc. (NYSE American:CEI) Dear Shareholders, I am honored and excited to be writing to you as Camber Energy Inc.'s ("Camber") new President & CEO. I would like to thank everyone that made possible the recent transaction ((https://www.accesswire.com/622228/Camber-Energy-Inc-Acquires-51-of-Viking-Energy-Group-Inc) between Camber and Viking Energy Group, Inc. ("Viking"). Camber acquiring 51% of Viking was the first step of a broader plan to fully combine the two entities and leverage their existing asset- base and transactional acumen. In the interim Camber can and will immediately pursue additional value-added opportunities. Abo
James Doris & Robert Green Join Board of Directors James Doris is New President & CEO HOUSTON, TX / ACCESSWIRE / December 24, 2020 / Camber Energy, Inc. (NYSE:CEI) ("Camber" or the "Company") today announced that Camber and Viking Energy Group, Inc. (OTCQB:VKIN) ("Viking") entered into definitive agreements pursuant to which Camber acquired, effective December 23, 2020, 51% of the issued and outstanding common stock of Viking for $20.1 million. The purchase price was payable through the cancelation of $9.2 million of existing debt owed by Viking to Camber, and payment of $10.9 million in cash. Funds to facilitate the cash payment were provided to Camber via loan from its existing preferred