PRI Projects

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
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