We are engaged in the management of a consortium of like-minded investors seeking to invest in non-operated oil and natural gas properties. Baron Energy operates all of the properties.
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 development 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 then monetize the portfolio.
Our 2019 production target is 500 gross barrels of oil equivalent per day. We plan to own up to 40 producing wells in order to achieve this target.