Sequitur Energy Resources

Sequitur Energy Resources' Operations in the Southern Midland Basin

Sequitur Energy Resources operates primarily in the Southern Midland Basin, West Texas, focusing on approximately 88,000 net acres. The company's primary drilling target is the Wolfcamp formation, a prolific shale formation known for its substantial oil and gas reserves. This strategic focus area spans across the counties of Upton, Reagan, Irion, and Crockett. The Southern Midland Basin is a significant area for hydrocarbon production, making Sequitur's operations there crucial for tapping into the rich resources and contributing to the company's growth and profitability.

Sequitur Energy Resources' Recent Acquisitions

Sequitur Energy Resources has recently made significant acquisitions to bolster its portfolio. The company acquired producing properties in Reagan and Upton Counties, Texas from Callon Petroleum Operating Company and other undisclosed sellers for $264.6 million. This acquisition aligns with Sequitur's strategy to enhance its production capabilities and resource base. Additionally, Sequitur acquired producing properties in the Impossible and Barnyard Fields, located in Reagan, Crockett, Irion, and Schleicher Counties, Texas, with a net current production of approximately 10,000 net Boepd. These acquisitions underscore Sequitur's commitment to expanding its operations and increasing its production output.

Sequitur Energy Resources' Ownership of Chromatic Industries LLC

Sequitur Energy Resources owns Chromatic Industries LLC, a valve manufacturing company based in Houston, Texas. Chromatic Industries specializes in producing high-quality valves that are essential for various industrial applications, including oil and gas production. The ownership of Chromatic Industries allows Sequitur to integrate vertically, ensuring a reliable supply of critical equipment for its operations. This strategic ownership not only enhances operational efficiency but also provides a steady revenue stream from the valve manufacturing business, contributing to Sequitur's overall financial health.

Sequitur Energy Resources' Focus on the Wolfcamp Formation

Sequitur Energy Resources' primary drilling target is the Wolfcamp formation, located in the Southern Midland Basin. The Wolfcamp formation is known for its rich shale deposits, making it a key area for oil and gas extraction. By concentrating its efforts on this formation, Sequitur aims to maximize its production potential and capitalize on the abundant resources available. The company's focus on the Wolfcamp formation is indicative of its strategic approach to exploration and production, leveraging geological insights and advanced drilling technologies to achieve optimal results.