Glen Rose Petroleum Corporation, through its subsidiary, UHC Petroleum Corporation, produces crude oil in Edwards county, Texas. The company operates the Wardlaw Lease and Adamson Lease (collectively, the leaseholds), located approximately 28 miles west of Rocksprings in Edwards County, Texas. The leaseholds lie in the southeast portion of the Val Verde Basin with oil production from the field coming from the Glen Rose formation at a depth of approximately 600 feet. The Wardlaw Lease consists of approximately 10,562 gross acres of which approximately 10,500 gross acres are undeveloped. The Adamson Lease consists of approximately 837 gross acres, of which all are undeveloped. The leaseholds include 85 wellbores. Of these, 75 are capable of producing. UHC Petroleum operates and owns a gross working interest of 100% and a net revenue interest of 75% of the current Wardlaw Lease production. In other wells, including the new wells which UHC Petroleum is developing, UHC Petroleum operates and owns a gross working interest of 87.5% and a net revenue interest of 65.625% of the Wardlaw Lease production. Enterprise Crude Oil, LLC, buys 100% of the company’s production. History The company was founded in 1981. It was formerly known as United Heritage Corporation and changed its name to Glen Rose Petroleum Corporation in 2008.
glen rose petroleum corp (GLRP:OTC US)
1210 West Clay Road
Houston, TX 77019
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To contact GLEN ROSE PETROLEUM CORP, please visit www.glenrosepetroleum.com. Company data is provided by Capital IQ. Please use this form to report any data issues.