FIML Natural Resources, LLC Announces Company Name Change to Discovery Natural Resources LLC
On June 2, 2014, our company name changed to Discovery Natural Resources LLC. The company has evolved over the past decade and this name more accurately reflects who we are and what we do.
EXPLORATION, DEVELOPMENT, PRODUCTION
Discovery Natural Resources is a private exploration and production company headquartered in Denver and operating in Texas, Kansas, Utah and Colorado. Since its inception a decade ago, it has assembled nearly 300,000 net acres in both conventional and unconventional plays. The company’s operations represent a mix of development and exploration opportunities with oil, natural gas and natural gas liquids reserves.
Discovery targets opportunities that increase in value through development drilling and lease consolidation. Its strategy is to purposefully grow its asset base for long-term development and production.
Discovery produces more than five million barrels of oil equivalent annually operating more than 1,000 wells. Its portfolio and operations have expanded significantly over the past five years, investing in new projects, developing existing leases and building an infrastructure for growth. Reserve volume has grown in excess of 23 percent annually over that time.