New Concept Energy, Inc.

New Concept Energy, Inc. is a fully integrated oil and gas producer, engaged in the exploration, production, and operation of wells, primarily in Ohio and West Virginia. The company has been focused on energy resource development since 2003, deriving its core business revenue from fossil fuel extraction and production.

The company has been subject to regulatory scrutiny by the SEC. In 2012, the Commission highlighted that third-party payments made by the company created a risk that funds could be used for illicit purposes such as bribery or embezzlement. This enforcement action points to governance and control failures within its operations.

New Concept Energy, Inc. is an oil and gas exploration and production company operating primarily in Texas. Its core business activity is the extraction of fossil fuels, a process inherently linked to environmental damage through the risk of toxic contamination, spills, and ecological disruption. The company’s operations center on the development and management of oil and gas properties.

Available search results return generic information about the environmental impacts of oil and gas development, such as toxic components in crude oil causing mortality in plants and animals, soil contamination, and long-term pollution crises. However, specific, documented incidents of environmental destruction directly attributable to New Concept Energy’s operations—such as major spill events, EPA Superfund site designations, or significant enforcement actions—are not provided in the gathered evidence. A thorough review of regulatory databases (e.g., EPA Enforcement and Compliance History Online) and violation trackers is required to establish a material, company-specific record of ecological damage for this exclusion.