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.
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