Oakridge Energy, Inc. engages in the exploration, development, production, and sale of oil and gas primarily in Texas. The company also holds land in La Plata County, Colorado for sale, which lands cover gas, coal and other mineral deposits. Oil and Gas Operations The company’s oil and gas operations are primarily conducted in Madison County, Texas and other North Texas counties and Freestone, Red River, Panola, Gregg and Smith Counties of Texas, as well as counties in Oklahoma, Colorado, and Mississippi. As of February 28, 2010, the company drilled a development well on one of its North Texas properties. Madison County, Texas Property: The property consists of 23 producing wells, 4 water injection wells, and 1 water supply well. Gravel Operations The company's gravel property is located on approximately 63.5 acres of the approximately 1,866 acres of land owned by the company in fee in La Plata County, Colorado. The Ewing Mesa Pit #1 gravel permit area covered approximately 63.5 acres. Carbon Junction Coal Mine In addition to acquiring the surface estate of the lands, the company obtained the rights to sign coal leases and a 75% interest in the coal deposits. Of the 192.77 permitted acres, approximately 59 were disturbed, 55 have been reclaimed and 3.5 remain disturbed. Real Estate Held for Sale The company's Durango Property comprises approximately 1,866 acres of land located in La Plata County, Colorado. Customers As of February 28, 2010, the company’s sales were made to Teppco Crude Oil, L.P.; Sunoco, Inc.; Orion Pipeline, L.L.C.; Chevron U.S.A., Inc.; and Targa North Texas LP. History Oakridge Energy, Inc. was founded in 1969.
oakridge energy inc (OAKR:OTC US)
4613 Old Jacksboro Highway
Wichita Falls, TX 76302
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