- Business
- FieldPoint Petroleum Corporation (OTC:FPPP) is an independent energy exploration and production company engaged in the acquisition, development, and operation of oil and natural gas properties across the United States. The company holds varying ownership interests in approximately 480 gross producing wells (96 net), including principal properties such as Block A-49 and Block 6 Field, Spraberry Trend, Giddings Field, Serbin Field, and Tuleta West Field in Texas; Flying M Field, Sulimar Field, North Bilbrey Field, Lusk Field, and Loving North Morrow Field in New Mexico; Apache Field, Chickasha Field, and West Allen Field in Oklahoma; Longwood Field in Louisiana; and Big Muddy Field in Wyoming; it operates about 20 wells directly with independent operators managing the rest under standard industry contracts. Founded in 1989 and headquartered in Austin, Texas, FieldPoint focuses on expanding its reserve base and enhancing production through targeted acquisitions of leasehold interests and producing wells, as well as exploration projects like the Lusk Field in New Mexico with partners such as Cimarex and the Ranger Project in Texas with Riley Exploration. Recent activities reflect a low operational profile with no major publicly reported acquisitions, partnerships, funding rounds, or strategic shifts within the last 1-2 years, amid minimal trading volume and stock price activity on the OTC market.