Arête Industries, Inc. is a publicly traded company trading on the PINK SHEETS Bulletin Board under the symbol: ARET. The Company has been publicly traded since 1987, and has over 8,000 shareholders. Arête's corporate offices are located in
The Company currently owns and operates a gas gathering pipeline, and is involved in efforts to purchase oil and gas production properties, and interests in energy infrastructure such as pipelines and distribution networks.
The Company was started in 1987 and was involved in many different business opportunities up to and until 2003.
In September 2003, the Company's Board of Directors was increased from 3 to 5. The Company's core management team consisted of Thomas P. Raabe, its Chairman and CEO; William W. Stewart, Director and Company Secretary; Donald W. Prosser, Director and designated financial expert, and Chairman of the Company's Nominating, Audit, and Compensation Committee; and Charles Gamber and John Herzog, independent Directors and Nominating, Audit, and Compensation Committee Members. The Board is joined by several consultants who are providing shareholder communications, marketing, business development, and investment banking services.
In 2005 the Company spun off Colorad Oil and Gas as a subsidiary with the intent to pursue other Oil an Gas opportunities.
In 2006 Mr. Raabe resigned as Chairman and CEO and left the company. Mr. Gamber was elected Chairman and CEO, John Herzog was named interim CFO and Mr. Stewart remained as Secretary and Mr. Prosser continued his responsibilities as a Director. In 2007 Charlie Davis was added to the board as an independent Director with oil and gas experience.
In September 2006, the new Board confirmed a new company focus on actively pursuing oil and gas aquistions. A gas gathering pipeline was aquired in September of that year.
Read about Arête's Management Team and Consultants.
