Principled. Innovative. Integrity. Experienced.
Those are not just words. These guiding principles are fundamental to the core beliefs and values instituted by Red Mountain Resources, Inc. Based in Dallas, TX, with operations focused on the Permian Basin of West Texas and Southeast New Mexico and the onshore Gulf Coast of Texas, Red Mountain Resources is a growth-oriented energy company engaged in the acquisition, development, and exploration of oil and natural gas properties. RMR combines an experienced management and consulting team with a fully-integrated strategy for growth and development. Our goal is simple … to make RMR a world-class leader in its sector.
RMR’s 3rd Quarter 2012 Operational Highlights:
• During the third quarter of 2012, RMR successfully drilled and completed the Madera 24-2H horizontal well with initial production rates of 900 and 857 MCF for a total of 1,043 BOE/D from the Delaware formation. We have identified 26 potential well locations which include additional wells targeting the Delaware and Avalon Shale and Strawn formations.
• RMR completed two additional wells during the quarter in the Pawnee prospect.
• RMR acquired additional shares in Cross Border Resources, Inc., increasing our ownership position to 29.95%.
• RMR continued to add to our technical and finance teams, thus enhancing exploration and development expertise in our core operating areas and increasing our capacity for growth.
