Latigo Petroleum Inc.

Latigo Petroleum Inc. has retained Randall & Dewey Inc. to sell the company, which has net proved reserves of 72.7 million barrels of oil equivalent and net probable reserves of 46.7 million barrels equivalent. The assets are in the Anadarko Basin in Texas and the Permian Basin. Latigo has nine rigs at work and a more than five-year inventory of identified and mapped prospects. The company holds 385,000 gross acres, (304,000 net) with 1.3 trillion cubic feet of gas equivalent of gross resource potential and current net production of 7,500 barrels of oil equivalent per day (50% oil). Latigo has 133 employees with an average of 25 years of experience. For more information, contact Bill Marko, 281-774-2068.