Discovery Natural Resources

Website


Address

410 17TH St Ste 900

Denver, CO 80202

United States


Phone

(303) 893-5073


Company Description

Discovery Natural Resources LLC is a private oil and gas company headquartered in Denver, CO. Discovery is focused on the acquisition, development and exploration of oil and gas properties in the Permian Basin.  Since its inception over a decade ago, Discovery has assembled nearly 150,000 net acres in West Texas.

Discovery targets opportunities that increase in value through development drilling and lease consolidation.  Its strategy is to purposefully grow its asset base for long-term development and production.

Discovery produces over six million barrels of oil equivalent annually operating more than 1,000 wells.  Its portfolio and operations have expanded significantly since 2003, investing in new projects, building infrastructure and developing existing leases.


Operations

Discovery Natural Resources commenced operations in 2003 in Utah.  Since then, the company identified and executed grass roots exploration projects and tactical acquisitions in Texas, Oklahoma, Colorado, and Kansas.  Discovery’s current leaseholds consist of nearly 150,000 net acres in Texas.  Technology and internal expertise have been critical to the success of the company’s initiatives.

Discovery acquired its first interests in Texas in 2004, with the acquisition of wells and leaseholds in the Adams Baggett field located in Crockett County.  Discovery expanded its position in Texas to the Midland Basin in early 2010 and has since then assembled approximately 115,000 net acres with over 3,000 prospective liquids-rich horizontal and vertical locations in the Wolfberry play.  The company is focused on developing its Wolfberry asset with an active drilling program, and continues to enhance well results through technological initiatives.


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