Company engaged in oil and gas operations, as well as real estate investments.
New Concept Energy, Inc., based in Dallas, Texas, operates primarily in the real estate rental sector with ownership of approximately 190 acres of land situated in Parkersburg, West Virginia. Established in 1978, the company was originally known as CabelTel International Corporation before rebranding as New Concept Energy, Inc. in May 2008. It functions as a former subsidiary of Arcadian Energy, Inc.
In addition to its real estate holdings, New Concept Energy provides advisory and management services to an independent oil and gas company. This diversification in services underscores the company's strategic approach to maximizing asset utilization and fostering additional revenue streams.
The company's real estate activities focus on leasing and managing its land assets in Parkersburg, contributing to its overall revenue generation strategy. New Concept Energy continues to explore opportunities to enhance the value of its real estate portfolio while leveraging its industry expertise to support its advisory and management services in the energy sector.
With its longstanding presence in the market and commitment to strategic growth initiatives, New Concept Energy remains dedicated to delivering value to its shareholders and stakeholders alike. The company's operations are rooted in a legacy of innovation and adaptability, positioning it for continued success in its chosen markets.