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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. The company's stock trades on Nasdaq's Global Select Market under the ticker symbol "TXCO."
Based in San Antonio, TXCO has more than 800,000 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.
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 more than 680,000 net acres (1.1 million gross acres) with thousands of drilling locations.
TXCO's acquisition of Output Exploration LLC in 2007 more than doubled proved reserves and sharply increased oil and gas production. The company gained important 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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Proved Developed |
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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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*Estimates as of December 31, 2007, 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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