Our Operations
Extex has refined a cost-efficient, high-return strategy in the sector, powered by a team of seasoned professionals. The firm has crafted an engineering-centric business model, primarily focusing on the development of oil-rich assets with significant operational advantages.
As a historically low-cost operator, Extex has consistently identified savings in lease operating expenses (LOE) from properties previously owned by others, achieving reductions in LOE historically ranging between 20% to 35% on acquired assets.
Current Operations
![Extex_Operations Map_small Extex_Operations Map_small](https://extex.net/hubfs/Extex_Operations%20Map_small.png)
Permian Operated Properties
Extex oversees approximately 2,100 operated wells and 2,500 non-operated wells across 43 counties.
The operated properties boast an average working interest of approximately 80% and an average net revenue interest (NRI) of 64%, producing approximately 4,000 net barrels of oil equivalent per day (boepd).
![Extex_Operations Map_Permian Extex_Operations Map_Permian](https://extex.net/hubfs/Extex_Operations%20Map_Permian.png)
Louisiana Operated Properties
With around 23 years of operations in Louisiana, Extex manages approximately 500 wells (including onshore and shallow water offshore) across 13 parishes, yielding approximately 1,000 boepd.
![Extex_Operations Map_Louisiana Extex_Operations Map_Louisiana](https://extex.net/hubfs/Extex_Operations%20Map_Louisiana.png)