Portfolio

Discovery Natural Resources commenced operations in 2003 in Utah.  Since then, the company identified and executed grass roots exploration projects and tactical acquisitions in Texas, Oklahoma, Colorado, and Kansas.  Discovery’s current leaseholds consist of 120,000 net acres in Texas.  Technology and internal expertise have been critical to the success of the company’s initiatives.

 

Discovery acquired its first interests in Texas in 2004, with the acquisition of wells and leaseholds in the Adams Baggett field located in Crockett County.  Discovery expanded its position in Texas to the Midland Basin in early 2010 and has since then assembled approximately 82,000 net acres with over 3,000 prospective liquids-rich horizontal and vertical locations in the Wolfberry play.  The company is focused on developing its Wolfberry asset with an active drilling program, and continues to enhance well results through technological initiatives.