- Business
- Baron Energy, Inc. (BROE.PK) is an independent publicly traded oil and natural gas company engaged in the acquisition, operation, exploitation, and development of producing oil and natural gas properties primarily in South Texas; the company provides petroleum management and business development services to client companies and manages a consortium of investors in non-operated properties, leveraging workovers, reactivations, recompletions, and new drilling to enhance production from long-lived assets with low decline rates and predictable profiles. Headquartered in San Marcos, Texas, and founded in 2007 as Nevwest Explorations Corp., Baron targets a portfolio of up to 40 wells producing 300-500 barrels of oil equivalent per day, with historical operations across 24 Texas counties and over 130 buy/sell transactions completed by management since 2002. The company recently engaged CTX Equity Partners, LLC, to assist in a major growth capital raise to support asset acquisitions and portfolio expansion.