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Bold Energy III is an independent energy company focused on the acquisition, exploitation, and development of oil and gas properties in the Greater Permian Basin of West Texas and SE New Mexico. Bold Energy III follows the previous two successful iterations of the Company. We have been structured and capitalized to focus on developing horizontal oil projects in West Texas and SE New Mexico. Our Land, Geoscience, Reservoir Engineering, Drilling Operations, and Production teams are exceptionally staffed and dedicated to building value. Bold Energy III will conduct its business based on principles of integrity, loyalty, and professionalism. The Company seeks to partner with leaseholders, mineral owners, other operators, and partners in innovative ways to build value through win-win relationships. We are constantly looking for opportunities to partner on projects where our geological, reservoir, and operational expertise can be brought to bear for creating real value. Bold Energy III is headquartered in Midland, Texas. We are funded by our Management Team and by EnCap Investments Capital Fund IX. EnCap Investments, based in Houston Texas, is a key provider of equity capital to the independent oil and gas industry.
CNX Resources Corporation (NYSE: CNX) is one of the largest independent natural gas exploration, development and production companies, with operations centered in the major shale formations of the Appalachian basin. With the benefit of a more than 150-year legacy and a substantial asset base amassed over many generations, the company deploys an organic growth strategy focused on responsibly developing its resources in order to create long term value for its shareholders, employees and the communities where it operates. As of December 31, 2016, CNX had 6.3 trillion cubic feet equivalent of proved natural gas reserves. The company is a member of the Standard & Poor`s Midcap 400 Index.
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