Baron Energy
Baron Energy, Inc. is an independent oil and natural gas production company based in San Marcos, Texas, focusing on acquiring and operating producing properties in South Texas.
Company Overview
Baron Energy, Inc. is a growth-oriented independent oil and natural gas production company. It engages in the acquisition, operation, and exploitation of producing oil and gas properties. The company operates all of its properties and focuses primarily on assets in Texas. Baron Energy aims to build and monetize a robust portfolio of producing properties over the next 3-5 years.
Services
Baron Energy provides petroleum management and business development services. It assists client companies focusing on acquiring assets in South Texas. These services include managing operations and optimizing production strategies for oil and gas properties. Additionally, Baron Energy engages in workovers, recompletions, and development drilling opportunities to enhance asset value.
South Texas Project
Initiated in November 2015, Baron Energy's South Texas Project focuses on acquiring and developing oil and natural gas properties in South Texas. The project began with the first acquisition in December 2015 and includes a consortium of investors. The target production range for 2019 was 300-500 gross barrels of oil equivalent per day. The focus is on properties with upside potential via workovers and in-fill drilling opportunities.
Management Team
The management team at Baron Energy boasts extensive industry experience, with each member having over 36 years of experience in upstream commercial and technical disciplines. The team has completed more than 130 buy/sell transactions in Texas since 2002 and has operated properties in 24 Texas counties. Baron Energy’s team aims to leverage this experience to strategically acquire and develop oil and gas properties.
Operational Strategy
Baron Energy pursues long-lived producing oil and natural gas properties with low decline rates and predictable production profiles. The company aims for assets that offer future low-risk development opportunities. Despite having a lean operation with minimal administrative expenses, Baron Energy maintains a flexible business model adaptable to varying market conditions, including low oil prices and industry slowdowns.