The headquarters of the Nation Oil and Gas Company in St. Michaels, Arizona. Photo from NNOGC
The Navajo Nation Oil and Gas Company reported a 16.8 percent increase in revenues for the last fiscal year. The company took in $458 million, The Farmington Daily Times reported. That's $156.3 million more than the prior fiscal year. "Our goal is to really bring a strong cash profile to the company for the next two to three years. We want to optimize our cash position," CFO Ruben Mike told the paper. Additionally, the firm reduced its liabilities from $207 million to $179 million. Get the Story:
Navajo Oil and Gas revenues increase (The Farmington Daily Times 7/11)
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