Operations

Through our wholly owned investment affiliate, Monterey Energy Partners LLC, we are actively pursuing both conventional and unconventional plays in the Williston Basin in North Dakota, West Texas, and selectively in California. By calendar year-end 2021 through these acquired properties, we expect to be producing a minimum of 7,000 barrels of oil equivalent per day (“BOEPD”). Our longer term goal both through acquisitions and further development of the acquired properties, is to grow our platform to a minimum of 40,000 BOEPD within the next three to five years.