PRESS RELEASE

Innovative Energy Solutions: Driving Sustainable Progress

PRESS RELEASE

June 5th 2025 Midland, Texas

Pro Energy closes on a new multi well acquisition in the Permian

Pro Energy and PETX Operating have announced that they have closed on the acquisition of 56 producing wells in the Permian Basin today. The acquisition is the 4^th such purchase the organization has made in the last 12 months.

“Our model is to continue to acquire existing revenue streams of oil and gas assets in bulk, to deliver a minimum 20-25% annual return to our cost,” said Kevin Jasien Managing Director. “In the last year alone, we have successfully added to our operation to 180 wells and close to 8000 barrels of oil per month, and a substantial level of natural gas sales to boot. This model will continue to deliver a significant and consistent return to our partners, and grow us as a leader in the industry in the Permian Basin.”

The asset seller was kept confidential, but company sources say the portfolio of wells is spread through Crockett, Upton, Winkler, and Schleicher Counties.

May 6, 2025 -Midland, Texas

Pro Energy, has announced that its operations arm, PETX Operating has successfully fracked its JW LUTZ 1 well near Imperial, Texas.

“We expected to be flowing back water from the well most of this week and that we would cut oil in a few days”, said a company insider “this well came on cutting oil, and did over 185 barrels in just the first 16 hours”.

“This is a very exciting response for our partners, and we could not be happier”. Kevin Jasien, Managing Director. “We purchased this lease last month to explore upper zones that we could see were there, but no one had made any attempts to produce from. It was proof of concept. Now we are actively looking to procure as many of these surrounding leases as possible to repeat this process on wells that many may have given up on.

PETX Operating, with offices in the Permian Basin, has in just under 12 months grown to operate over 150 wells and over 4800 barrels of oil per month in recorded sales, based on the Texas Railroad Commission reporting.

October 31, 2024 - Midland, Texas

Pro Energy Makes New Acquisition

Pro Energy announced today that it has just finalized an acquisition of 29 producing wells in the Permian Basin.

The entire package was purchased from Byrd Operating and Las Campanas Energy Corporation in Midland, Texas. Jack Byrd, President of the oil and gas operating company said the company will now be closing its doors after 45 years.

“You have a good number of these companies aging out of the industry, after long and fruitful careers. “
Pro Energy leadership stated “Our focus continues to be the acquisition of producing properties and their revenue, while introducing new strategy and technology to increase that production and bring forth the true potential in the Permian Basin.”

Pro Energy announced in August its entry into operating with the origination of their own licensed and bonded operating arm , PETX Operating LLC, which is to be based in Midland. “This is a strategic decision to give us total operational control of our assets, and to put us geographically within a manageable distance of all of our oil and gas properties.”

August 23, 2024 - Argyle, Texas

Pro Energy of Texas Is Moving Into Midland.

Pro Energy has announced an expansion into operations. The oil and gas joint venture management firm has formed PETX OPERATING has obtained its state licensing to drill and operate up to 100 oil and gas wells in Texas.
“We have put together an operational team of geologists and engineers that will help us steward new phases of development of acquired oil and gas properties“ said Pro Energy management.
The company had previously partnered with operators in multi well acquisitions and development. “We have enjoyed great success in these previous ventures, and feel this is naturally the next step of our own growth.”
The company also announced its plans to expand these operations with offices in Midland, in the heart of the Permian Basin, by December.

June 12, 2024 Midland, Texas

Pro Energy and the West Texas Multi-Well Joint Venture have closed and taken possession of Abell Lease assets in the Permian Basin.

“We are so excited to take hold of such amazing wells and look forward to implementing new strategy to increase already profitable production,” said Pro Energy management.
The acquisition was comprised of 36 producing well assets in three separate counties in West Texas. The wells were drilled and operated by Incline Energy out of Midland, Texas. Incline was a highly respected oil and gas operator that has now shut its doors after 30+ years. “Our anticipation is to increase production by 60% within 12 months,” said Kevin Jasien Director of Pro Energy. “
We have done a complete analysis of every well and feel we have an effective strategic plan and budget to achieve this.” He added “As it stands this group has acquired a 30% plus revenue stream with what we believe to be incredible upside potential.”

February 26, 2024 :

Pro Energy Agrees To Buy Major Multi-Lease And Well Holdings In West Texas

Pro Energy LLC. has made an agreement on behalf of its West Texas Multi-Well Production Package Joint Venture,to purchase a 59 well, and multiple lease package in Pecos, Ward, and Crane Counties in Texas. The exact terms of the agreement are undisclosed, but the agreement includes a package of 36 active wells and 59 total wells currently operated by Incline Energy out of Midland, Texas. A review of the sales from the Texas Railroad Commission shows a total of 19,909 barrels of crude oil and 179,326 million cubic foot of natural gas production between August 2022 to July 2023.

“We were very lucky to be approached with this opportunity. It will be exciting to watch as we bring forth what we see as immense potential of these leases” said a Pro Energy representative. “It is our belief that we should realize a 28 to 35% increase in production within just the next 6-12 months.”

Bill Graham the President of Incline Energy stated his reason for selling was that it was time to retire. “This has always been a family-owned business, and both my brothers and I are to the age that is just time to liquidate and sell.” Graham noted that most of the assets we acquired in 1996. “We have never used venture capital, but always operated off of our own funds, and we just do not have the capital to build this any further. This needs to go to someone that has the working capital to first buy the assets, and then invest into their improvement. These properties have an incredible potential.”

Pro Energy states that it has a strategic plan, in partnership with NEC Operating out of Southlake Texas, and operating budget for improvements, repairs, and recompletions that they believe will triple the value of this holding within 36 months.

Ready to Plan Your Project?

Just fill out the accredited investment form and we will get in touch with you.