Company

Baron Energy Engages CTX Equity Partners for Growth Capital Raise

SAN MARCOS, TEXAS, May 24, 2017 – Baron Energy Inc. (OTC Pink Sheets: BROE) (“Baron” or the “Company”), an independent, growth-oriented, crude oil and natural gas company based in San Marcos, Texas, has engaged CTX Equity Partners, LLC (“CTX”) to assist the Company in a substantial growth capital raise.

Management Comments

Ronnie L. Steinocher, Chairman, President and CEO, said, “We are pleased to have engaged CTX Equity Partners to assist with our growth capital requirements. This capital raise will provide funding to accelerate our South Texas Project by making additional producing property acquisitions, completing production enhancement programs, and drilling new development wells. This funding, when combined with project cash flows, should allow us to fully complete our 2017-2019 planned work programs.”

Additional information on Baron’s South Texas Project can be found on the Company’s website or by contacting the Company directly.

About Baron Energy, Inc.

Baron Energy Inc. is an independent, growth-oriented, crude oil and natural gas company based in San Marcos, Texas, acquiring and operating producing properties in South Texas.

For more information, please visit BaronEnergy.com.

About CTX Equity Partners, LLC

CTX Equity Partners, LLC (“CTX”) is a privately-held boutique Investment Banking and Business Advisory firm located in Austin, Texas. CTX partners with startup and middle market companies to provide them with foundational Business Advisory and Investment Banking services. Certain CTX representatives maintain securities licensing with, and conduct securities transactions through, Reliance Worldwide Investments, LLC (“RWI”). Check the background of registered investment professionals at FINRA’s BrokerCheck.

For more information, please visit CTXEquityPartners.com.

About Reliance Worldwide Investments, LLC

RWI is a privately-held independent Broker-Dealer. It is headquartered in the greater Chicago, Illinois area, with affiliated independent Registered Representatives and Investment Banking Representatives located across the United States. RWI is a member of FINRA and SIPC; and registered with the SEC, MSRB, and in applicable states. RWI assumes no responsibility, or liability, for the contents of this press release or any referenced or linked website(s); nor should it be presumed to be RWI’s view or an implied endorsement. Check the background of this Broker-Dealer and its registered investment professionals at FINRA’s BrokerCheck.

This communication does not constitute an offer to sell or the solicitation of an offer to purchase any security or invest in any private placement.

For more information, please visit RWI-Securities.com.

Forward-Looking Statements

Certain statements in this press release that are not historical facts are “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements may be identified by the use of words such as “anticipate,” “believe,” “expect,” “future,” “may,” “will,” “would,” “should,” “plan,” “projected,” “potential,” “intend,” and similar expressions. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of Baron Energy Inc. (the “Company”) to be materially different from those expressed or implied by such forward-looking statements. The Company’s future operating results are dependent upon many factors, including risk factors discussed in the Company’s periodic filings with the Securities and Exchange Commission, which are available for review at SEC.gov.

The Company undertakes no obligation to update any forward-looking statement, whether as a result of new information, future events, or otherwise.

CONTACT:

Lisa P. Hamilton
Executive Vice President and CFO
(512) 392-5775
Info@BaronEnergy.com
Company, Press Releases

Baron Energy Reviews Operating Results for 2016 and Revises South Texas Project Plan to Begin Drilling New Offset Wells in 2017

Company Profile

Baron Energy Inc. (“Baron” or the “Company”) (OTC Pink: BROE) is a publically-traded independent oil and natural gas company based in San Marcos, Texas. Baron is currently engaged in the management of a consortium of like-minded investors seeking to invest in non-operated oil and natural gas properties in South Texas. Baron provides petroleum management and business development services, technical and commercial expertise, and day-to-day operations for the portfolio properties.

Operational Highlights 2016

  • Increased producing well count from 1 to 5
  • Increased acreage from 193 to 734 acres
  • Increased production from 3 Bopd to 15 Bopd
  • Increased potential future drilling locations from 1 to 9
  • Increased working interest partners from 2 to 5

Business Strategy and Plans for 2017

Baron seeks to leverage its seasoned management team and extensive industry experience to acquire and operate mature oil and gas properties with upside via workovers, recompletions, and drilling of new wells. The Company is aggregating a portfolio of properties (“South Texas Project”) with a production goal of 300-500 Bopd and a substantial number of future drilling locations. Management plans to monetize the portfolio in 2019. Baron began the South Texas Project in the fourth quarter 2015.

The Company has recently revised its 2017 operational plan to include drilling select new offset wells on some current properties. Baron projects that a successful two-well drilling program will significantly increase production with expected initial production rates of up to 100 Bopd per well. The proposed program is currently pending partnership approval and funding.

Additional Information

Additional information on Baron Energy Inc. and its South Texas Project can be found on Baron’s website at BaronEnergy.com.

Forward-Looking Statements

Certain statements in this news release that are not historical facts are “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements may be identified by the use of words such as “anticipate,” “believe,” “expect,” “future,” “may,” “will,” “would,” “should,” “plan,” “projected,” “potential,” “intend,” and similar expressions. Such forward-looking statements, involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of Baron Energy Inc. (the “Company”) to be materially different from those expressed or implied by such forward-looking statements. The Company’s future operating results are dependent upon many factors, including risk factors discussed in the Company’s periodic filings with the Securities and Exchange Commission, which are available for review at SEC.gov. The Company undertakes no obligation to update any forward-looking statement, whether as a result of new information, future events, or otherwise.

CONTACTS:

Baron Energy Inc.
Investor Contact
Brad Holmes
(713) 304-6962
b_holmes@att.net
Baron Energy Inc.
Lisa P. Hamilton
Executive Vice President and Chief Financial Officer
(512) 392-5775
lhamilton@baronenergy.com
Company, Press Releases

South Texas Project 4Q 2016 Update

Company Profile

Baron Energy Inc. (“Baron” or the “Company”) (OTC Pink: BROE) is a publically-traded independent oil and gas company based in San Marcos, Texas. Baron is currently engaged in the management of a consortium of like-minded investors seeking to invest in non-operated oil and natural gas properties. Baron provides business development services, technical and commercial expertise, and operates all of the properties.

Business Strategy

Baron seeks to leverage its seasoned management team and extensive industry experience to acquire and operate mature oil and gas properties with upside via workovers, reactivations, recompletions, and in-fill drilling opportunities. The Company is aggregating a portfolio of properties with a production goal of at least 500 BOEPD. Management plans to monetize the portfolio within a 3-year period. Baron began the South Texas Project in the fourth quarter 2015.

The Company has recently updated its strategy to include drilling select new wells in 2018.

South Texas Project Production Update

Production is based on current properties and pending acquisitions for the 1Q 2017.

Additional Information

Additional information on Baron Energy Inc. and its South Texas Project can be found on Baron’s website at BaronEnergy.com.

Forward-Looking Statements

Certain statements in this news release that are not historical facts are “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements may be identified by the use of words such as “anticipate,” “believe,” “expect,” “future,” “may,” “will,” “would,” “should,” “plan,” “projected,” “potential,” “intend,” and similar expressions. Such forward-looking statements, involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of Baron Energy Inc. (the “Company”) to be materially different from those expressed or implied by such forward-looking statements. The Company’s future operating results are dependent upon many factors, including risk factors discussed in the Company’s periodic filings with the Securities and Exchange Commission, which are available for review at SEC.gov. The Company undertakes no obligation to update any forward-looking statement, whether as a result of new information, future events, or otherwise.

CONTACT:

Baron Energy Inc.
Investor Contact
Brad Holmes
(713) 304-6962
b_holmes@att.net
Company, Press Releases

Baron Energy Inc. Joins With Envestor First, LLC to Accelerate Acquisitions in South Texas

SAN MARCOS, TEXAS, November 3, 2016 – Baron Energy Inc. (Pink Sheets: BROE) (“Baron” or the “Company”), an independent crude oil and natural gas company based in San Marcos, Texas, has joined with Envestor First, LLC (“Envestor”), Houston, Texas, to assist with business development activities including joint venture partners, additional funding to accelerate growth plans, and investor relations.

Management Comments

Ronnie L. Steinocher, President and CEO, said, “We have recently joined with Envestor for assistance with our business development initiatives including seeking non-operated working interest partners and additional growth capital.”

Mr. Steinocher added, “Envestor has developed a unique platform to bridge the oil and gas industry with private investment capital. We believe this is an excellent fit for Baron at this time as we seek to secure growth capital to accelerate our South Texas Project.”

“Please refer to our website at www.baronenergy.com for additional information on Baron and updates on our South Texas Project.”

About Baron Energy Inc.

Baron Energy Inc. (Pink Sheets: BROE) is an independent crude oil and natural gas company based in San Marcos, Texas, acquiring and operating producing properties in South Texas.

For more information, please visit www.baronenergy.com.

About Envestor First, LLC

Envestor First, LLC ties together the global network of family offices with investment opportunities in the U.S. oil and gas industry. These investments run the gamut and include both public and private equity, funding acquisitions and drilling programs and buying non- operated working interests at the asset level. In addition, the web site provides accurate and timely information about the oil and gas industry and regional and global factors that impact the industry, commodity prices and investment criteria.

For more information, please visit www.envestorfirst.com.

Forward-Looking Statement

Certain statements in this press release that are not historical facts are “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements may be identified by the use of words such as “anticipate,” “believe,” “expect,” “future,” “may,” “will,” “would,” “should,” “plan,” “projected,” “potential,” “intend,” and similar expressions. Such forward-looking statements, involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of Baron Energy Inc. (the “Company”) to be materially different from those expressed or implied by such forward-looking statements. The Company’s future operating results are dependent upon many factors, including risk factors discussed in the Company’s periodic filings with the Securities and Exchange Commission, which are available for review at www.sec.gov. The Company undertakes no obligation to update any forward-looking statement, whether as a result of new information, future events, or otherwise.

CONTACT:

Baron Energy Inc.
Investor Contact
Brad Holmes
(713) 304-6962
b_holmes@att.net
Company

Baron Energy Inc. Provides 3Q 2016 Update for South Texas Project

Company Profile

Baron Energy Inc. (“Baron” or the “Company”) (OTC Pink: BROE) is a publically-traded independent oil and gas company based in San Marcos, Texas. Baron is currently engaged in the management of a consortium of like-minded investors seeking to invest in non-operated oil and natural gas properties. Baron provides business development services, technical and commercial expertise, and operates all of the properties.

Business Strategy

Baron seeks to leverage its seasoned management team and extensive industry experience to acquire and operate mature oil and gas properties with upside via workovers, reactivations, recompletions, and in-fill drilling opportunities. The Company is aggregating a portfolio of properties with a production goal of 500 BOEPD. Management plans to monetize the portfolio within a 3-year period. Baron began the South Texas Project in the fourth quarter 2015.

South Texas Project Production Update

Production is based on current properties only and does not include any potential acquisitions during the fourth quarter.

baron-energy-production-graph

Additional Information

Additional information on Baron Energy Inc. and its South Texas Project can be found on Baron’s website at www.baronenergy.com.

Forward-Looking Statements

Certain statements in this news release that are not historical facts are “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements may be identified by the use of words such as “anticipate,” “believe,” “expect,” “future,” “may,” “will,” “would,” “should,” “plan,” “projected,” “potential,” “intend,” and similar expressions. Such forward-looking statements, involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of Baron Energy Inc. (the “Company”) to be materially different from those expressed or implied by such forward-looking statements. The Company’s future operating results are dependent upon many factors, including risk factors discussed in the Company’s periodic filings with the Securities and Exchange Commission, which are available for review at www.sec.gov. The Company undertakes no obligation to update any forward-looking statement, whether as a result of new information, future events, or otherwise.

Baron Energy Inc.
Investor Contact
Brad Holmes
(713) 304-6962
b_holmes@att.net

Company, Press Releases

Baron Energy Inc. Signs Letter of Intent to Acquire Producing Properties in Four South Texas Counties

SAN MARCOS, Texas, Aug. 15, 2016 — Baron Energy Inc. (Pink Sheets:BROE) (“Baron” or the “Company”), an independent crude oil and natural gas company based in San Marcos, Texas, has signed a non-binding Letter of Intent (LOI) to acquire a package of producing properties located in four South Texas counties.

Management Comments

Ronnie L. Steinocher, President and CEO, said, “We have recently executed a non-binding Letter of Intent to acquire a multi-well package of producing properties from a private seller. The properties are located in our Core Area of operations in South Texas. The properties will be owned by our non-op working interest partners within our South Texas Project consortium and Baron Energy Inc. will be the operator of the properties. Our offer is subject to customary due diligence, funding, completion of definitive agreements, and final partnership approvals.”

Mr. Steinocher added, “We have now managed the closings of five producing property acquisitions this year. This new package of producing properties will significantly augment our strategy to build a portfolio of producing properties over the next two years that has substantial value and then monetize the portfolio. Please refer to our website at www.baronenergy.com for additional information on Baron and our South Texas Project.”

About Baron Energy Inc.

Baron Energy Inc. (Pink Sheets:BROE) is an independent crude oil and natural gas company based in San Marcos, Texas, operating producing properties in South Texas.

For more information, please visit www.baronenergy.com.

Forward-Looking Statement

Certain statements in this press release that are not historical facts are “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements may be identified by the use of words such as “anticipate,” “believe,” “expect,” “future,” “may,” “will,” “would,” “should,” “plan,” “projected,” “potential,” “intend,” and similar expressions. Such forward-looking statements, involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of Baron Energy, Inc. (the “Company”) to be materially different from those expressed or implied by such forward-looking statements. The Company’s future operating results are dependent upon many factors, including risk factors discussed in the Company’s periodic filings with the Securities and Exchange Commission, which are available for review at www.sec.gov. The Company undertakes no obligation to update any forward-looking statement, whether as a result of new information, future events, or otherwise.

Baron Energy Inc.
Investor Contact
Brad Holmes
(713) 304-6962
b_holmes@att.net

Company

Executive Summary Update – South Texas Project

Oil and Natural Gas Consortium

Baron Energy, Inc. (“Baron” or the “Company”) has formed a consortium of non-op oil and natural gas investors to pursue a 3-5 year strategy of growing a portfolio of oil and gas properties with substantial market value and then monetizing the portfolio.

Management

Our consortium is managed by Baron Energy, Inc., a publicly-traded, independent oil and natural gas company based in San Marcos, Texas.

Baron’s multi-disciplined management team has more than 35 years each of industry experience, including most upstream commercial and technical disciplines, and both major oil company and independent owner/operator experience.

The management team has worked together for more than 25 years. The team has completed more than 120 buy/sell transactions in Texas since 2002; operated producing properties in 24 Texas counties and, at peak, managed more than 150 wells and approximately 500 BOEPD of production.

Management is highly invested in the Company and is extremely motivated to create shareholder value.

Strategy

Our strategy is to manage a consortium of like-minded investors seeking to invest in non-operated oil and natural gas properties. Baron Energy will operate the properties on a fee basis.

We pursue acquisitions of long-lived producing oil and natural gas properties with relatively low decline rates, predictable production profiles, and future low-risk development opportunities.

We focus on acquisitions that have upside via workovers, recompletions, and in-fill drilling opportunities.

We plan to grow a portfolio of properties over the next 3-5 years that has substantial value in the market place and if the opportunity arises monetize the portfolio.

Our 3-5 year production target is 500-1,000 gross barrels of oil equivalent per day. We plan to own up to 100 producing wells in order to achieve this target.

We also expect to realize a significant number of future drilling locations that will be found throughout the portfolio.

Timing and Managed Growth

Our plan began in late 2015 and we made our first acquisition in December 2015. A second acquisition was closed in March 2016; two more in May 2016 and another in June 2016. Additional acquisitions are at various levels of due diligence, with the expectation of more closings to be in the 3Q and 4Q of 2016.

Focus Area

We are focused on oil properties in South Texas. Our focus area includes 17 counties with approximately 12,000 producing leases, 122,500 wells drilled, and 1.6 million barrels of oil equivalent per day of production.

Acquisition Targets

We target producing properties with depths ranging from 2,000 to 10,000 feet and multiple pay zones. Targets may be single or multiple-well properties. We have closed, or are currently pursuing, acquisitions ranging from $60,000 to $1,500,000.

Near-Term Production Increases

We target acquisitions with current production (2-5 BOPD/well) that also include near-term work programs to increase production by 2-5 times via workovers or recompletions.

Recompletions and In-Fill Drilling

Some leases acquired may have the potential for recompletions of existing wells or in-fill drilling of new wells. Should this be the case we would expect shallow oil wells to have initial production (IP) rates of 20-50 BOPD and deeper oil wells of 100-200 BOPD.

Flexible Business Model

Our business model is flexible and can be adjusted for the availability of acquisition opportunities, funding, and market conditions.

Oil Price Projections for Business Model

We are currently using oil price projections in our base case business model for the next 3 years of $40, $50 and $60 per barrel.

Safety and Cost Control

Maintaining a focus on safety and effective cost control is paramount to our operations.

Additional Information

Please contact Baron Energy directly for additional information. Our office number is 512-392-5775 or email Baron at info@baronenergy.com. Our website is www.baronenergy.com.

Ongoing Acquisition Program

projected well count pro forma

We are operating a continuous acquisition program focusing on producing properties with upside. These acquisitions will range from single well properties to multi-well projects. We expect the acquisition targets to increase in size as the consortium’s portfolio grows.

Forward-Looking Statements

Certain statements in this press release that are not historical facts are “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements may be identified by the use of words such as “anticipate,” “believe,” “expect,” “future,” “may,” “will,” “would,” “should,” “plan,” “projected,” “potential,” “intend,” and similar expressions. Such forward-looking statements, involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of Baron Energy, Inc. (the “Company”) to be materially different from those expressed or implied by such forward-looking statements. The Company’s future operating results are dependent upon many factors, including risk factors discussed in the Company’s periodic filings with the Securities and Exchange Commission, which are available for review at www.sec.gov. The Company undertakes no obligation to update any forward-looking statement, whether as a result of new information, future events, or otherwise.

CONTACT:
Baron Energy, Inc.
Investor Contact: Brad Holmes
Phone: (713) 304-6962
Email: b_holmes@att.net
Company, Press Releases

Baron Energy, Inc. Provides Mid-Year Update

Baron Energy, Inc. (Pink Sheets: BROE) (“Baron” or the “Company”), an independent crude oil and natural gas company, has provided a mid-year update on its operations.

Management Comments

Ronnie L. Steinocher, President and CEO, said, “We have completed our transition from direct ownership in oil and gas assets to business development and petroleum management. This fee-based model provides greater diversity and flexibility in the generation of revenue and allows us to leverage the extensive experience of our management team.”

Mr. Steinocher added, “In late 2015, we began assisting various clients in acquiring and managing oil and gas assets in South Texas. We have now coordinated the closing of five producing property acquisitions on behalf of our clients. Baron is the operator of these properties. We are currently completing due diligence on another 3-5 potential acquisitions for our clients, which Baron will operate. Our goal is to build a portfolio of producing properties over the next three years that has substantial value and then, pending market conditions, monetize the portfolio.”

Additional information about Baron Energy and its’ South Texas Project can be found on the Company’s website.

About Baron Energy, Inc.

Baron Energy, Inc. (Pink Sheets: BROE) is an independent crude oil and natural gas acquisition, production, and exploitation company headquartered in San Marcos, Texas, managing producing assets in South Texas.

For more information, please visit www.baronenergy.com.

Forward-Looking Statement

Certain statements in this press release that are not historical facts are “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements may be identified by the use of words such as “anticipate,” “believe,” “expect,” “future,” “may,” “will,” “would,” “should,” “plan,” “projected,” “potential,” “intend,” and similar expressions. Such forward-looking statements, involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of Baron Energy, Inc. (the “Company”) to be materially different from those expressed or implied by such forward-looking statements. The Company’s future operating results are dependent upon many factors, including risk factors discussed in the Company’s periodic filings with the Securities and Exchange Commission, which are available for review at www.sec.gov. The Company undertakes no obligation to update any forward-looking statement, whether as a result of new information, future events, or otherwise.

CONTACT:
Baron Energy, Inc.
Investor Contact: Brad Holmes
Phone: (713) 304-6962
Email: b_holmes@att.net