Equus Total Return (EQS) Subsidiary Engages Michael Reger for Williston Basin Operations

Equus Total Return, Inc. (NYSE:EQS) is one of the best NYSE penny stocks to invest in now. On August 6, the company announced that its wholly-owned subsidiary, Morgan E&P, LLC, had engaged Michael Reger through a consulting agreement to lead operations in the Williston Basin. Reger will direct Morgan E&P’s asset strategy across the highly productive Bakken and Three Forks formations located in North Dakota and Montana. His role will focus on optimizing asset value and exploring long-term development opportunities.

Mr. Reger opted to receive compensation in Equus shares instead of cash for his consulting services. Reacting to the agreement, John Hardy, CEO of Morgan E&P, highlighted Mr. Reger’s extensive knowledge of the Williston Basin region. He also pointed to Reger’s “strong industry network” and proven success in upstream oil and gas projects, calling him a key strategic partner. Morgan E&P’s executive team will work closely with Mr. Reger to evaluate, organize, and execute new investment projects in oil and gas, utilizing industry insights and systematic asset development methods.

Equus Total Return, Inc. (NYSE:EQS) is an American business development company (BDC) that operates as a closed-end fund. It invests in alternative assets across energy, financial services, technology, and industrial sectors. Equus’s portfolio includes Morgan E&P, which specializes in upstream exploration and production of oil and gas properties across the U.S.

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Disclosure: None. This article is originally published at Insider Monkey.