SAN MARCOS, Texas, Sept. 10, 2014 (GLOBE NEWSWIRE) -- Baron Energy, Inc. (Pink Sheets:BROE) ("Baron" or the "Company"), an independent oil and gas company based in San Marcos, Texas, has announced the results of a production enhancement program in Taylor County, Texas.
Management Comments
Ronnie L. Steinocher, Chairman, President and CEO, said, "The production enhancement program we began in early July at our Shaffer Leases in Taylor County, Texas is now complete. Production from two producers was increased from approximately 12 to 36 BOPD."
Mr. Steinocher added, "The success of this program bodes well for additional work on the leases to further increase production and reserves. Indications are that these leases have substantial upside potential and we are currently reviewing additional technical information to determine the best path forward."
Baron is the operator of the properties and owns a 75% WI (56.25% NRI).
About Baron Energy, Inc.
Baron Energy, Inc. (Pink Sheets:BROE) is an independent oil and gas acquisition, production, exploitation, and exploration company based in San Marcos, Texas, with producing assets in South and Central Texas. Baron owns 100% operated production that is approximately 90% oil with working interests ranging from 75% to 100% in properties located in Frio, La Salle, and Taylor Counties, Texas. Baron's growth strategy is to make meaningful acquisitions with substantial drilling upside. Baron is geographically focused on Texas and its surrounding states.
For more information, please visit www.baronenergy.com
Forward-Looking Statement
Certain statements in this press release that are not historical facts are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements may be identified by the use of words such as "anticipate," "believe," "expect," "future," "may," "will," "would," "should," "plan," "projected," "potential," "intend," and similar expressions. Such forward-looking statements, involved known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of Baron Energy, Inc. (the "Company") to be materially different from those expressed or implied by such forward-looking statements. The Company's future operating results are dependent upon many factors, including risk factors discussed in the Company's periodic fillings with the Securities and Exchange Commission. The Company undertakes no obligation to update any forward-looking statement, whether as a result of new information, future events, or otherwise.