Stratex Oil & Gas Holdings Inc. (STTX)
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Stratex Oil & Gas Holdings Inc. Profile
| Oil, Gas & Consumable Fuels Industry | Energy Sector | Stephen Funk CEO | OTC PINK Exchange | 86280B105 CUSIP |
| US Country | 9 Employees | - Last Dividend | 13 Jun 2012 Last Split | - IPO Date |
Overview
Stratex Oil & Gas Holdings, Inc. is an independent energy company that primarily focuses on the exploration, development, and acquisition of crude oil properties across various states in the United States, including Kansas and Texas, with additional non-operated working interests spread across North Dakota, Montana, Utah, Colorado, and Kansas. The company's transformation from its prior identity as Poway Muffler and Brake, Inc. to Stratex Oil & Gas Holdings, Inc. in May 2012 marked its strategic pivot towards the energy sector. Headquartered in Salt Lake City, Utah, Stratex is committed to leveraging its extensive leasehold positions and well interests to cultivate a diversified portfolio of oil and gas assets. As of March 31, 2015, Stratex had ownership interests in 86 wells along with a substantial presence spanning approximately 35,317 net leasehold acres across crucial regions like Sheridan, Montana; Williams, Billings, Divide, Mountrail, and Stark Counties, North Dakota; Weld County, Colorado; Central Kansas; Central Utah; and Zavala County, Texas.
Products and Services
- Oil and Gas Acquisition
- Exploitation and Development
- Non-Operated Working Interests
- Sale of Oil and Gas
Stratex Oil & Gas Holdings, Inc. specializes in acquiring lucrative oil and gas properties and leaseholds, focusing on regions with proven reserves and potential for high returns. This strategic acquisition serves as the foundation of its business model, enabling the company to establish a strong foothold in significant oil-producing areas.
Following acquisition, the company engages in the exploitation and development of these oil and gas assets. This includes deploying advanced extraction techniques, optimizing well performance, and increasing the recoverable reserves of its properties. These efforts are aimed at maximizing production efficiency and ensuring sustainable growth.
In addition to its own operations, Stratex holds non-operated working interests in various states, including North Dakota, Montana, Utah, Colorado, and Kansas. These interests allow the company to benefit from the operations of other entities without bearing the operational responsibilities, diversifying its investment and reducing operational risks.
The ultimate product of Stratex's operations is the oil and gas extracted from its properties, which is then sold on the market. These sales generate revenue for the company, and the performance of this segment is crucial for the company's profitability and viability. The focus on both crude oil and natural gas markets allows Stratex to capitalize on market trends and price variations.
