Our New Mexico portfolio includes five producing areas—three established waterflood fields and two conventional fields—centrally supported from our Hobbs field office. These assets benefit from dependable production history, strong regional infrastructure, and diverse development potential. Recent modernization efforts emphasize automation, safety enhancements, and integrated digital systems to streamline operations. With broad redevelopment opportunities across multiple fields, the New Mexico assets provide a balanced foundation for long‑term value creation and operational efficiency.
Number of Wells: 303
Acres (Gross): 20,172
Located south of Lake Charles, the E. Mud Lake Field comprises a set of legacy gas‑producing wells with associated oil production and centralized handling facilities. The field offers steady, conventional output supported by established infrastructure and a dedicated disposal system. With identified recompletion zones and a potential development location, the asset presents clear pathways for incremental upside. Ongoing technical evaluation aims to capture additional proven reserves and enhance long‑term field value
Number of Wells: 8
Acres (Gross): 756
Located in the Breckenridge region, our Texas assets consist of two established waterflood leases with strong redevelopment and optimization potential. The area offers stable, long‑life production characteristics supported by robust infrastructure. Recent enhancements focus on modernization, automation, and improved environmental safeguards. With diversified acreage and a proven operational footprint, the Texas properties present a compelling opportunity for sustained value creation.
Number of Wells: 266
Acres (Gross): 6861
Spanning across Texas, New Mexico, and Louisiana, the TexMex Field represents a compelling opportunity in the Oil & Gas sector. With proven profitability, long-life wells, and low-decline production profiles, TexMex is uniquely positioned for innovation and energy upside and transition. The field benefits from diversification across three geographies and a blend of development and redevelopment upside.
Location: Texas, New Mexico & Louisiana
Acres: 27,789 gross | 22,440 net
Number of Fields: 3 diverse, high-potential basins
Nestled amidst a serene landscape, Angelina Field offers a promising energy transition opportunity. This field is the oldest and first oil field in Texas. Spread over approximately 73,000 acres, it is a long-life and low decline with big potential for energy production growth.
Location: Nacogdoches County, Texas
Number of wells: 302 with 144 bcf proven reserves
Potential: Energy transition and production growth
The Panzer project is an Exploration Oil and Gas drilling project with a successful outcome of substantial Oil and Gas reserves.
Location: North East of Houston, Hardin County
Proven Reserves: 230 MBO, 6 BCF Gas
The Wrangler project is an Exploration Oil and Gas drilling project with a wildly successful outcome of substantial Oil and Gas reserves.
Location: South of Houston, Brazoria County
Proven Reserves: 415 MBO, 4.6 BCF Gas
The Salt Flat Field is an attractive leasehold of 3,574 acres with 52 PDP’s (Proven Developed Producing) on a consistent and low ~10% decline, with a net cash flow providing monthly distributions and reliable, long-term returns on initial investment.
Location: South of Austin
Proven Reserves: 3,000 MBO
Potential: Green operations with 8MW Solar Farm