GeoResources, Inc., incorporated in 1958, is independent oil and gas company engaged in the acquisition and development of oil and gas reserves through an active and diversified program, which includes purchases of reserves, re-engineering, development and exploration activities focused in three United States areas, including the Southwest and Gulf Coast, the Rocky Mountains and the Williston Basin. In January, 2008, the Company sold all of its interest in the Grand Canyon Unit, a property acquired in the Merger. In February, 2008, it acquired properties from an unaffiliated party in the Williston Basin of North Dakota and Montana. In May, 2008, it sold seven non-core oil and gas properties in Louisiana and Texas. In September, 2008, it acquired producing properties in Oklahoma. On May 29, 2009, the Company acquired undivided working interests in 68 wells, located in the Giddings Field, Texas.