West Texas Resources Inc. (WTXR)

Overview

West Texas Resources, Inc. is an energy company focused on the acquisition, exploration, and development of oil and gas properties primarily in North America. The company has progressively grown its portfolio since its foundation in 2010 and underwent a name change from Texas Resources Energy, Inc. to West Texas Resources, Inc. in June 2011. With its headquarters in Frisco, Texas, West Texas Resources has shown a strategic approach in selecting its interests, holding various percentages of working interests in properties spread across Texas, North Dakota, Florida, Illinois, and Kentucky. This strategic diversification across states and the mix of both non-operating and operating leases underscore the company's ambitious approach to securing profitable energy prospects.

Products and Services

• Oil and Gas Exploration and Development:

The core business of West Texas Resources, Inc. encompasses the pursuit of potential oil and gas deposits, followed by the development of these resources. By holding a directed focus on North American territories, the company signifies its strategic endeavor in exploiting the vast oil and gas fields within the continent. This includes both operating and non-operating leases, dealing with the direct management of exploration and production or partnering with other entities to share expertise and resources.

• Property Interest Holdings:

West Texas Resources, Inc. possesses a diverse portfolio of property interests across North America, demonstrating its comprehensive approach towards securing profitable oil and gas ventures. These include:

• A 50% working interest in non-operating leases spanning approximately 1,070 gross mineral acre leases in Hale County, Texas.
• A smaller 1% working interest in an oil prospect located in Floyd County, Texas, showcasing the company's strategy in spreading risk and potential rewards across various projects.
• 25% working interest in oil and gas properties based in Gregg County, Texas, along with a similar stake in an East Texas oil and gas property, highlighting significant investment in the Texas region.
• A 100% interest in the Kiowa properties spread across North Dakota, Florida, Illinois, and Kentucky, indicating the company’s confidence in these properties’ potential and its willingness to fully invest in and control these ventures.