Where are Red Mountain Resources’ areas of operations?
Our areas of operations are the Permian Basin of West Texas and Southeast New Mexico, the onshore Gulf Coast of Texas, and the Central Kansas Uplift.
What makes the Permian Basin a major focus of development and exploration for RMR?
RMR focuses on the Permian Basin because it is a mature basin with proven reserves, multiple pay zones, a competent and experienced workforce and existing infrastructure that provides access to transportation and markets. The Permian Basin is the largest onshore oil producing region in the US and provides a unique opportunity to deploy new technologies in legacy oil and gas fields. The Permian Basin provides experienced teams of all sizes the opportunity to capitalize on its producing potential.
What are the strengths of RMR’s management and development team?
We believe our management expertise and experience are our team’s strength. The RMR team combines more than 300 years of experience in the oil and gas industry as owners, investors, company builders, financiers, operators, geologists, service providers, and petroleum engineers. In these various capacities, the RMR team has participated in more than 10,000 wells in 20 U.S. states and 22 countries globally.
What does RMR generally consider when seeking to expand its development and exploration?
We generally look for areas with repeatable geologic and production characteristics that will enable us to produce sustained production results and reserve growth in both the near- and long-term.
What makes RMR stand out among other companies that do similar work?
RMR believes the combined experience of its team and the team’s vast operational experience allow it to stand out among others who do similar work in the region.