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
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).
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.
