Glen Rose Petroleum Corporation
GLRP
Other OTC0.00
USD
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Glen Rose Petroleum Corporation
GLRP
(Other OTC)
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ROIC.AI
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- Business
- Glen Rose Petroleum Corporation (GLRP), a Delaware corporation founded in 2008 and headquartered in Houston, Texas, serves as an independent upstream oil and gas company focused on the exploration, development and production of crude oil and natural gas from onshore assets in the United States. Through its wholly owned subsidiary UHC Petroleum Corporation, a licensed operator with the Texas Railroad Commission and based in Katy, Texas, the company produces crude oil from the Glen Rose formation at depths under 600 feet within the Val Verde Basin; key assets include the Wardlaw Lease spanning approximately 10,562 gross acres (with about 10,500 acres undeveloped) and the adjacent Adamson Lease, located roughly 28 miles west of Rocksprings in Edwards County, Texas, encompassing 85 wellbores as of early 2011. UHC Petroleum targets shallow oil production from these leaseholds in the southeast Val Verde Basin, serving domestic energy markets with a lean workforce of 11 employees. The company maintains its primary operations in Texas without reported recent partnerships, acquisitions, funding rounds, new product launches or major strategic shifts within the last 1-2 years.