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P.O.&G. Resources is a privately owned oil and gas company headquartered in Houston. The company operates over 230 wells in the state of Texas and owns non-operated interests in oil and gas properties located in Texas, New Mexico, Oklahoma, Kansas, Wyoming, Montana, North Dakota, and Mississippi. Total net production averages 800 barrels of oil and 1.2 MMCF of gas per day. West Texas is the company`s largest operating region. Founded in 1999, P.O.&G. has grown rapidly through acquisitions and development drilling. The company began purchasing operated properties in 2004, and utilized strategic relationships with local operators to manage these properties. In 2006, PO&G became a bonded operator. The company`s growth has been funded through a combination of re-invested cash flow and the creative use of debt financing. With a 2014 capital investment budget of $15 million, the company anticipates doubling production every five years.
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Petron Energy II, Inc. continues a tradition of developing oil and gas properties in low risk areas with years of proven production history.