- Business
- PetroGas Company engages in the exploration, production, and sale of oil and gas in the United States. The company holds a 99.5% working interest in the Burns and Rogers leases, covering approximately 714 acres in Frio and Atascosa counties, Texas, within the Eagle Ford Shale formation; it also maintains interests in additional leases in Callahan County, Texas, and mineral rights in Terry County, Texas. Incorporated in 2014 and headquartered in Houston, Texas, PetroGas operates as a subsidiary of Rise Fast Limited, with Yu Huang serving as president, chief financial officer, secretary, treasurer, and director. The company focuses on acquiring distressed oil and gas properties at discounted values, including both producing and non-producing leases in areas with significant reserves, to support drilling and development activities. Formerly known as America Resources Exploration, Inc., it changed its name to PetroGas Company in January 2016; recent SEC filings for fiscal years ended March 31, 2025, and 2024 indicate no revenue recognition or significant investing activities, with plans to raise capital via private placements for additional lease acquisitions, deeper rights exploration, and drilling in high-output reservoirs amid anticipated oil price increases. PetroGas targets the oil and gas exploration and production segment, primarily serving royalty revenues from its Texas assets while pursuing expansion in proven basins like the Permian.