Evolution Petroleum: Transition From Secondary Recovery Continues

bashta/iStock via Getty Images Management recently purchased an interest in some acreage in the Anadarko part of Oklahoma. This purchase marks the biggest jump away from the secondary recovery that was the basis of the company business for years. Management still does not operate any properties. Therefore, general and administrative costs remain low. Generally, these interests have low purchase prices due to a lack of liquidity. Therefore, higher operating costs are at least somewhat offset by lower locatio ...