Baron’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.