On November 19, 2019, went out of business as per its Chapter 7 liquidation filing under bankruptcy. Far East Energy Corporation, through its subsidiaries, is engaged in the acquisition, development, exploration, and production of coal bed methane gas properties in the People's Republic of China. The company holds 3 production sharing contracts, which cover the 288,569 acre Shouyang Block in Shanxi Province; the Laochang Area comprising 119,327 acres in Yunnan Province; and the 573,000 acre Qinnan Block in Shanxi Province. As of December 31, 2013, it had estimated net proved gas reserves of 67.5 billion cubic feet (Bcf), and estimated total net probable reserves of 372.4 Bcf. The company was founded in 2000 and is headquartered in Houston, Texas.