- Business
- Cross Border Resources, Inc. (XBOR) is an independent natural gas and oil company engaged in the acquisition, exploration, development, and exploitation of natural gas and oil reserves in North America; it focuses primarily on non-operated working interests in the Permian Basin, particularly southeastern New Mexico, where it owns approximately 865,893 gross mineral and lease acres in Eddy and Lea Counties. The company targets the oil and gas exploration and production segment of the energy industry, serving markets through its reserve holdings and operational activities in the United States. Founded in 2005 and headquartered at 2515 McKinney Avenue, Suite 900, Dallas, Texas, Cross Border Resources operates as a subsidiary of Red Mountain Resources, Inc., with a small team of five employees led by Principal Executive Officer and Interim President Earl M. Sebring. No major recent partnerships, acquisitions, funding rounds, product launches, or strategic shifts have been reported in the last one to two years.