PETEX has been producing oil and gas properties in and around Stephens County, Texas, since 1979. Historically, PETEX has maintained an operating base within a 90 mile radius of Breckenridge, Texas; however, we are positioned to acquire producing oil and gas properties anywhere on-shore in the lower 48 states.
Primarily focused on the acquisition of producing oil and gas properties with operations, PETEX and its subsidiaries also acquire and participate in non-operated properties, drilling prospects, and purchase both producing and non-producing mineral interests and override royalty interests.
Our focus is to double in size through acquisitions and drilling in the next five years. In terms of staff and available drilling prospects, we are well positioned to accomplish this goal.