New Concept Energy, Inc., through its wholly owned subsidiaries Mountaineer State Energy, Inc. and Mountaineer State Operations, LLC, owns and operates oil and gas wells and mineral leases in Athens and Meigs Counties in Ohio and in Calhoun, Jackson and Roane Counties in West Virginia. The Company also leases and operates Pacific Pointe Retirement Inn (Pacific Pointe) in King City, Oregon. Pacific Pointe is a retirement center with a capacity of 114 residents. As of December 31, 2014, the Company has 153 producing gas wells, 31 non-producing wells and related equipment and mineral leases covering around 20,000 acres. The Company operates through the two business segments: oil and gas operations segment and retirement facilities segment.