Operations

Through our wholly owned investment affiliate, Monterey Energy Partners LLC, we are actively pursuing both conventional and unconventional plays in the Permian Basin in West Texas and in the Williston Basin in North Dakota. By calendar year-end 2022, 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 acquired properties, is to grow our platform to a minimum of 10,0000 BOEPD within the next three to five years.