PRI Projects
- Located in Atascosa, Bexar and Medina Counties, Texas
- Nexera owns 100% of PRI and is the current operator of PRI and its assets.
- PRI is the operator of all of Nexera’s properties in South Texas and is also the operator of several properties owned by Hugo Gutierrez Jr.
- PRI has its own field operating equipment, including two service rigs, which gives PRI the ability to maintain efficient operations and control costs effectively
- PRI’s main assets are shallow oil wells producing from the Anacocho, Olmos, and Escondido formations in the Somerset and Taylor-Ina fields
- Provides the Company with low-risk “oil” targets
- Management has extensive experience in the area
- Excellent geologic control with year around access to drilling locations
- Long life reserves (20+ years)
- Excellent secondary recovery opportunity in the future
- Optimizing current production while putting plans in place to drill new wells
- > 60 surveyed drilling locations for future development