- CEO
- Edward R. Wachendorfer
- Sector
- Energy
- Industry
- Oil & Gas Exploration & Production
- Address
- 1333 West McDermott Drive Allen TX United States of America 75013
- IPO Date
- May 17, 2012
- Business
- Santa Fe Petroleum, Inc. (SFPI) is a development-stage independent oil and gas company engaged in the acquisition, exploration, development, production, and sale of crude oil and natural gas; its properties are located primarily in Texas and Oklahoma. The company, a Delaware corporation headquartered in Allen, Texas, at 1333 West McDermott Drive, Suite 200, focuses on undeveloped fields in existing trends or known formations to access virgin reservoir pressures and capture substantial reserves. It targets opportunities in the upstream energy sector, serving markets through direct production and sales without specified subsidiaries or parent relationships.
Core operations encompass identifying and exploiting oil and gas projects with high return potential, leveraging advanced technologies and experienced teams for screening and development; specific assets include mineral interest leases in areas such as Jack County, Texas, acquired from entities like NYTEX Petroleum, LLC. The company employs a strategy emphasizing premier projects for long-term investment returns, with historical activities involving production enhancements from drilled wells and lease acquisitions totaling hundreds of acres.
In recent years, Santa Fe Petroleum has pursued growth through strategic lease purchases and financing efforts, including the completion of a $335,000 initial funding round at $0.50 per share and a letter agreement for 320 acres in Jack County; it also announced plans for private placements targeting up to $5 million while transitioning from prior names like Baby All Corp. No major partnerships, acquisitions, or expansions have been reported in 2024 or 2025, reflecting a focus on core development amid ongoing operational challenges in the OTC market. The firm continues business updates centered on project drilling and production income to support larger initiatives.