Sequitur Energy Resources
Sequitur Energy Resources is an energy company focused on oil and gas exploration in the Southern Midland Basin, West Texas, owning significant acreage and production facilities, as well as a valve manufacturing subsidiary, Chromatic Industries LLC.
Company Operations
Sequitur Energy Resources operates primarily in the Southern Midland Basin in West Texas. Its focus area encompasses approximately 88,000 net acres. The company's primary drilling target is the Wolfcamp formation, which spans the adjacent counties of Upton, Reagan, Irion, and Crockett. These operations are central to the company's strategic objectives in resource extraction and energy production.
Recent Acquisitions
Sequitur Energy Resources recently acquired producing properties in Reagan and Upton Counties, Texas, from Callon Petroleum Operating Company and other undisclosed sellers for $264.6 million. This acquisition is part of the company's ongoing efforts to expand its operational footprint and increase its production capabilities. Additionally, the company has acquired producing properties in the Impossible and Barnyard Fields located in Reagan, Crockett, Irion, and Schleicher Counties, Texas, with a net current production of approximately 10,000 net barrels of oil equivalent per day (Boepd).
Core Focus: Wolfcamp Formation
The primary drilling target for Sequitur Energy Resources is the Wolfcamp formation, located in the counties of Upton, Reagan, Irion, and Crockett. This formation is considered a significant source of potential for the company, providing ample opportunities for oil and gas extraction. The focus on this formation aligns with the company's strategy to maximize resource extraction in high-potential areas.
Chromatic Industries LLC
Sequitur Energy Resources owns Chromatic Industries LLC, a valve manufacturing company based in Houston, Texas. Chromatic Industries specializes in producing industrial valves, which play a crucial role in various applications within the oil and gas sector. This subsidiary supports Sequitur Energy Resources' operational efficiency by providing essential components for their drilling and production processes.