Renfro Energy, LLC ("RELLC") and Petroleum Capital, L.C.'s ("PCLC") goal is to be the industry leader in finding and replacement cost for oil and gas reserves while providing a safe work environment, maintaining its social conscience to the community and adhering to state and federal regulations.
We have always believed that in order to succeed and provide abnormal returns to our investors, we must differentiate ourselves from our competition. Characteristics that distinguish us include:
RELLC and PCLC are Dallas, Texas based limited liability companies. Originally formed in April, 1993 as a energy financial advisory firm, PCLC became an operator of over 130 wells located in Texas, Louisiana, and Oklahoma by 1997 through the opportunistic acquisition of oil properties. After the oil price collapse of 1998, PCLC streamlined its operations through the sale of various properties and focused on the company's higher quality assets in Louisiana. In 2002, RELLC was formed as an asset holding company to house existing assets of PCLC and all future acquisitions. PCLC retains its operational focus and is an operator of record in Louisiana, Texas, and Oklahoma. Since 1995, PCLC and RELLC have bought and sold over $6 million of oil and gas properties and gave made approximately 15 acquisitions.
RELLC currently has two major assets, both located in Cameron Parish, Louisiana. The Cameron Meadows Land Company Lease, comprised of 640 acres, is a property with a well diversified production base making approximately 130 BOPD from 10 wells. It provides a stable cash flow base for RELLC to fund the exploration and development activities of the Cameron Parish School Board Lease. This lease, with a location of Section 16, Township 14 S and Range 13 W, has one shut-in well and another well that was just recently worked on successfully. The workover was able to return the well to its last production rate of 42 BOPD. Plans to return the shut-in well are underway and when completed, should add 200 MCFD and 10 BOPD to the lease's production base.