Baron Energy, Inc. (BROE.PK)

Baron Energy, Inc. ("Baron" or the "Company") is an independent oil and gas exploration and production company headquartered in San Marcos, Texas. The Company’s primary core area of operations is the Austin Chalk trend in Frio County, Texas. Baron currently has more than 8,000 acres in Frio County with working interests that range from 89.1% to 100%. This acreage includes 14 producing wells (all operated by Baron) and produces approximately 190 barrels of oil equivalent ("BOEPD") gross; 140 BOEPD net to Baron (90% oil).

Baron plans to significantly increase production and reserves by drilling horizontal Austin Chalk wells to develop its acreage position in Frio County. The Company believes it could have up to 80 future Austin Chalk laterals and that initial production rates per lateral could be 100-500 BOEPD based on previously drilled wells. This represents a drilling inventory of more than five years. Additional upside includes the potential development of deeper formations including the Eagle Ford Shale, Buda Lime, and Pearsall Shale.

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Area of Operations

Baron's primary area of operations is in Frio County, Texas and includes producing formations of Olmos Sand, Austin Chalk, Eagle Ford Shale, Buda Lime, and Pearsall Shale. All of Baron's Frio County properties include stacked pay zones which should have more than 20 years of productive life.

Baron also has shallow oil operations in Central Texas.

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Management & Directors

Mr. Ronnie L. Steinocher is the Chairman, President and Chief Executive Officer. Mr. Steinocher is a seasoned veteran with more than 35 years of oil and gas experience. This experience includes all upstream petroleum engineering disciplines, extensive business development, and general management responsibilities. He is the founder of three private oil and gas companies, two of which were merged into Baron Energy in February 2010. Mr. Steinocher is a licensed professional engineer in the state of Texas and a member of the Society of Petroleum Engineers.

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Latest Press Release

SAN MARCOS, Texas, Aug. 4, 2014 (GLOBE NEWSWIRE) -- Baron Production LLC ("Baron Production"), a wholly-owned subsidiary of Baron Energy, Inc. (Pink Sheets:BROE) ("Baron" or the "Company"), an independent oil and gas company based in San Marcos, Texas, recently closed a significant acquisition in South Texas with an effective date of July 1, 2014. Funding was provided by Petro Capital Energy Credit, LLC, Dallas, Texas ("Petro Capital"). Overton Capital, Corp., Dallas, Texas, acted as exclusive financial advisor to the Company.

Ronnie L. Steinocher, Chairman, President and CEO, said, "We are extremely pleased to have closed on this acquisition after more than eight months of continuous work including due diligence and securing funding. This completes our major goal for 2014 to acquire an anchor project with upside to provide Baron with substantial future growth opportunities."

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