Mewbourne Oil Co.

Established in 1965, Mewbourne Oil Co. has grown into one of the more prominent independent oil and natural gas producers in the Anadarko and Permian Basins of Texas, Oklahoma and New Mexico. The company's success over the years can be attributed to a conservative approach to the business and a philosophy of managing all phases of operations from "prospect to pipeline."

From the Company's headquarters in Tyler, Texas, and with its three exploration offices located in Amarillo and Midland, Texas, and Oklahoma City along with four operation offices located in Perryton and Midland, Texas, Woodward, Okla., and Hobbs, N.M., Mewbourne Oil Co. develops oil and natural gas prospects, acquires leasehold interests, and serves as the operator in the drilling, completion and production of oil and natural gas wells. The company has focused its efforts on two of this country's most prolific producing regions, the Anadarko and Permian basins. The Anadarko and Permian basins have produced more than 42 billion barrels of oil and 220 trillion cubic feet of natural gas and contain many of the largest oil and natural gas fields in the U.S.

With over 50 years of experience operating in the Anadarko and Permian Basins, the company has developed an organization with extensive knowledge of the operations and opportunities which exist in these two producing areas. The long history of oil and natural gas drilling in these basins has provided an abundance of valuable historical data. Mewbourne's professionals are adept at utilizing this data to secure leasehold rights, evaluate potential drill sites and assess operations

Historically, the company has emphasized establishing long-life natural gas and oil reserves through the drilling of medium-depth vertical and horizontal wells between 3,000 and 20,000 feet deep. Prospective drill sites generally include field extensions, step-outs, trend plays and other anomalies that are believed to be contiguous to areas where the presence of oil and natural gas has already been established. The company currently operates over 2,100 wells.