Baron Energy, from its HQ in Midland, Texas, runs a dynamic oil and gas exploration/development firm focused on the resource-rich Permian Basin:
• Some 4k acres of primary sites in West Texas with 5-100% working interest ranges
• 29 producing wells, 16 operated by BROE at 35 Boepd net and 12 Mcfpd gas
• 10B barrels yet to be developed
• Roughly 98% of production/revenue coming from long-lived oil production
Growth curve targets for BROE show 1k Boepd by 2015 via strategic asset acquisition, low cost/risk in-fill drilling and technology upgrading.
The Company has another solid foothold in South Texas with its Starr County, Texas-based Yegua Prospect, which is only lightly explored yet lies in the heart of prolific oil and gas land:
• Some 800 acres targeting Deep Yegua gas play
• Average cumulative production per field in the trend is roughly 28 billion cubic feet
• Vicksburg and Frio trends are local secondarily accessible targets
• Jackson shale also accessible
Strong global future demand for energy, especially in the US, makes BROE an interesting prospective for investors looking to capitalize on growing oil and gas requirements.
Let us hear your thoughts: Baron Energy, Inc. Message Board