Produces and sells oil and natural gas from Permian Basin properties to oil and gas purchasers.
10-K for FY2025, filed Sep 28, 2026
Oil and gas purchasers buy the company's production under oil marketing contracts and gas purchase agreements. Oil typically changes hands at or near the wellhead or a central delivery point, while natural gas is sold at the lease location.
10-K for FY2025, filed Sep 28, 2026The Company enters into contracts with customers to sell its oil and natural gas production. Revenue from these contracts is recognized…View ↗
Most of the Company’s oil marketing contracts transfer physical custody and title at or near the wellhead or a central delivery point…View ↗
The Company’s natural gas is sold at the lease location. Most of the Company’s natural gas is sold under gas purchase agreements. Under the…View ↗
From blank check to oil and gas
The older report describes a blank check company formed to pursue a business combination; the latest describes an independent oil and natural gas producer focused on acquiring, developing and operating Permian Basin properties.
10-K for FY2022, filed Mar 31, 2023 10-K for FY2025, filed Sep 28, 2026We are a blank check company incorporated on December 9, 2020 as a Delaware corporation and formed for the purpose of effecting a merger…View ↗
We are an independent oil and natural gas company based in Texas and formed in 2017 that is focused on the acquisition, development…View ↗
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