Baron Energy, Inc. (BROE)

Baron Energy, Inc. (“Baron” of the “Company”) is an independent oil and gas exploration, exploitation and development company headquartered in San Marcos, Texas. The Company’s primary core area of operations is the prolific Permian Basin of West Texas. The Company currently has more than 2,200 gross acres in six West Texas counties with working interests that range from 12.5% to 100%. This acreage has 14 producing wells, 13 of which are operated by Baron, and produces approximately 36 barrels of oil equivalent per day (“BOEPD”) net to Baron.

Baron plans to grow the company to approximately 1,000 BOEPD within 2 years by making accretive producing property acquisitions, executing production enhancement programs, and low cost, low risk in-fill drilling in its core operating area of the Permian Basin.

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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 30 years of oil and gas experience. This experience includes all upstream petroleum engineering disciplines, extensive business development skills, 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. He has worked as an owner/operator in the Permian Basin of West Texas since 2001. 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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Area of Operations

Baron Energy's primary area of operations is an eight county region in the core of the Permian Basin of West Texas, one of the most prolific oil producing regions in the world. The Basin covers an area 250 miles wide and 300 miles long. The first well in the Basin was completed in Mitchell County, Texas in May, 1923 to a depth of 3,055 a process that took 20 months. Since then more than 4,500 oil pools and 1,000 natural gas pools have been discovered with a cumulative production of approximately 30 billion barrels of oil. Yet it’s estimated that more than 10 billion barrels of oil have yet to be developed. The basin is so named because it features one of the world’s thickest deposits of sedimentary rock from the Permian geological period.

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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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