Enduring Resources focuses its oil and gas operations on onshore plays in the central and western United States.
The Company and its employees have an enthusiasm for finding and producing oil and gas to augment economic growth in the United States at the highest regulatory and ethical standards. As a North American oil and gas producer, the Company has a proven strategy, has developed reserve bases with a multi-year drilling inventory and has maintained strong presence in emerging and unconventional resources areas. The Company is active in all phases of the E & P value chain – exploring, acquiring, developing and producing oil and gas.
Our seasoned management and professional team of engineers, geoscientists and landmen have experience in many of the most prolific basins, with expertise ranging from greenfield leasing to full scale exploitation. Leveraging this internal expertise allows for investment to be directed toward a wide array of assets in a portfolio allocation approach to capital investment. The Company aims to create an enduring and diversified portfolio of assets, with multiple pay opportunities, and a balance of oil and gas. Our approach provides the ability to allocate capital to opportunities with the most attractive rates of return within the portfolio through diverse business and economic cycles and further enables the harvesting of assets at appropriate points within these cycles.
The Company currently has active project areas in Utah and Texas. In Utah, the Company has been active in the Uinta Basin, located in Uintah County, since taking its first federal lease in 2004 and has assembled an acreage position in and around the massive Greater Natural Buttes field. Acquisition and exploitation activity in this multi-pay basin has been focused in the thick Wasatch and Mesa Verde sections with additional potential in the deeper pay sections.
In the Midland Basins of West Texas, the Company has assembled blocks of acreage with multiple shale targets, while also having conventional pay zones as targets. The Company has employed advanced drilling and completion technologies in these plays through horizontal drilling and multi-stage hydraulic fracturing.
The Company has assembled, developed and cultivated numerous projects from its inception, providing strong returns to its shareholders. The divested properties included a Cotton Valley-Haynesville project and a Bossier-Cotton Valley project in East Texas, an Eagleford Austin Chalk project in South Texas, a Bakken position in North Dakota, and a Wolfcamp project in the Southern Midland Basin.
The current projects are depicted on the accompanying map by the maroon owl symbols, while the harvested projects are denoted by the gray symbols.