- CEO
- Ariane E. Cox
- Full Time Employees
- 5
- Sector
- Energy
- Industry
- Oil & Gas Exploration & Production
- Address
- United States of America
- IPO Date
- Apr 18, 2001
- Business
- Aztec Oil & Gas, Inc. (AZGSQ) is an independent upstream energy company engaged in the acquisition, exploration, development, and production of oil and natural gas properties primarily in the United States. The company offers a portfolio of crude oil and natural gas assets, including working interests in producing wells, undeveloped acreage, and related infrastructure such as pipelines and gathering systems; its operations focus on conventional reservoirs in key basins like the Permian, Eagle Ford, and Mid-Continent regions, targeting both vertical and horizontal drilling opportunities for operators and royalty owners. Aztec serves domestic energy markets, with geographic operations concentrated in Texas, Oklahoma, and Louisiana.
Founded in 1983 and headquartered in Irving, Texas, the company maintains a lean structure with no major subsidiaries or parent relationships publicly noted in recent filings. Aztec segments its business into exploration and production activities, emphasizing cost-efficient development of proved reserves and reserve-based lending to fund operations.
In the last two years, Aztec Oil & Gas has undergone significant financial restructuring amid market challenges in the energy sector, including a Chapter 11 bankruptcy filing in 2023 that led to operational streamlining and debt reduction; no major acquisitions, partnerships, or new product launches were reported, though the company completed a ticker adjustment to AZGSQ reflecting its delisted status on OTC markets following restructuring efforts. This shift allowed focus on core asset monetization and potential asset sales in 2024-2025 to enhance liquidity.