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TXCO Resources Inc. is a full-cycle, U.S.-based, oil and gas exploration and production company with a diversified exploitation, development and exploration project inventory. Based in San Antonio, TXCO has more than 720,000 net acres under lease (1.3 million gross acres). It leverages its geological and geophysical expertise to increase shareholder value. The company applies new technology to overlooked opportunities in high-potential areas that offer multiple resource plays and thousands of drilling prospects.
TXCO and its subsidiaries currently are conducting business following the filing of voluntary petitions for relief under Chapter 11 of the United States Bankruptcy Code in May 2009.
The Maverick Basin of Southwest Texas is TXCO's core focus area – an area with more than 20 productive zones and multiple resource play potential. TXCO's Maverick Basin block includes nearly 630,000 net acres (977,700 gross acres) with thousands of drilling locations. In West Texas, TXCO's acreage in the Marfa Basin has long-term resource play potential.
Through TXCO's acquisition of Output Exploration LLC in 2007, the company gained new prospects around the Gulf Coast of Texas, including the Fort Trinidad Field in the East Texas Basin. It also gained valuable interests in the Midcontinent region of Oklahoma.
TXCO Proved Reserves by Area*
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Maverick Basin |
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Fort Trinidad |
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Midcontinent |
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South Texas/Other |
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Total |
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*Estimated at Dec. 31, 2008, in billion cubic feet of gas equivalent.
Click here to see recent investor presentations and learn more about TXCO's growth potential.
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