We are an exploration and production (E&P) company focused on the acquisition and development of oil and natural gas assets where the latest in modern drilling and completion techniques and technologies have yet to be applied. We target legacy conventional proven properties where there is a long production history, well-defined geology and existing infrastructure that can be leveraged when applying modern field management.
Our current properties are located in the San Andres formation of the Permian Basin situated in West Texas and eastern New Mexico and in the Denver-Julesberg Basin (D-J Basin) in Colorado in the Wattenberg core and extension area. We have approximately 31,800 net Permian Basin acres located in Chaves and Roosevelt Counties, New Mexico, and approximately 12,000 net D-J Basin acres located in Weld and Morgan Counties, Colorado.
Our goal is to be the operator in the majority of our acreage so that we can dictate the pace of development and maintain capital discipline.
-Become the Premier Public Oil & Gas Company Focused on the Development of Conventional Assets
Using Unconventional Technologies
-Maximize Value of our Permian and D-J Basin Assets
-Primary focus will be to grow reserves and production on our Permian Basin properties through
low-risk horizontal San Andres infill drilling
-Secondary focus will be on our D-J Basin properties where offset operators have used improving
completion techniques with larger fracs to drive strong 30-day average initial production rates
(IP30) and estimated ultimate recovery (EUR) growth
-Build a team of highly skilled employees to facilitate growth and successful implementation of
-Maintain Strong Balance Sheet with Financial Flexibility