Verado Energy

Website

Address

1121 E Southeast Loop 323 Ste 100

Tyler, TX

75701-0495 United States

Phone

(903) 509-4333

Company Description

Verado Energy is a domestic independent oil and natural gas company focused on exploration, development, and production of oil and natural gas properties. Verado owns interests in and operates approximately 200 wells. These operated and non-operated properties are located in Texas, which account for over 50,000 acres

Operations

Verado Energy has a corporate office in Allen, Texas and a field office in Tyler, Texas. We currently have both operated and non-operated assets in Texas. We strive to build value across this diverse asset base by increasing reserves, production, and operating cash flows through acquisitions, development, and exceptional operations.

Permian Basin is a shale basin about 250 miles wide and 300 miles long, spanning parts of west Texas and southeastern New Mexico. It includes the highly-prolific Delaware and Midland sub-basins.

Wolfcamp formation extends across the Delaware Basin, Central Basin Platform, and Midland Basin—the three sub-basins that comprise the Permian Basin. The Wolfcamp play has helped drive overall crude oil and natural gas production growth in the Permian Basin during the past decade. Crude oil production in the Wolfcamp accounts for nearly one-third of total Permian crude oil production and more than one-third of Permian natural gas production.