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  The Permian Basin  
 
 

 

The Permian Basin extends throughout southwest Texas and southeast New Mexico and is one of the largest and most active oil basins in the United States, with the entire basin accounting for approximately 18 percent of the total United States oil production.

 
   
    2010 Areas of Activity  
 
   
 
   
 
 
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Telesis Operating Co., Inc., and affiliates, (the “Company”) is an oil and gas exploration/exploitation and production company headquartered in Ft. Worth, Texas. The Company’s owner and president is Jim Murphy, a life long resident of Ft. Worth, Texas, and who has been actively engaged in exploration, acquisitions, production and operations in the oil and gas industry since 1980. The Company currently owns and operates approximately 150 oil and gas wells located primarily in West Texas.

Telesis Operating Co., Inc., also owns and manages an oil and gas well drilling company, which has five drilling rigs, plus vehicles, oil field machinery and equipment.

The Company’s primary operations emphasis is exploration and exploitation in lower risk and prolific development fields, which still have significant recoverable reserves. The Company is also active in the acquisition of producing oil and gas properties.

The Company is a fully insured Operator and has an exemplary record with the Railroad Commission of Texas and other regulatory agencies within the industry.

Telesis Operating Co., Inc.’s portfolio of oil and gas properties provides stable production and a platform for future growth. The company’s oil and gas properties are concentrated in the areas where Telesis Operating Co., Inc. can be most competitive. By concentrating its properties, the Company is an active and hands on operator in all of its producing areas. Concentrating oil and gas production also results in strong relationships with the purchasers of the company’s oil and gas, and its vendors and suppliers.

Telesis Operating Co., Inc. realizes the importance of its industry responsibility and complies with all applicable laws, rules and regulations to ensure that the company operates under the highest form of integrity. This commitment to the company’s responsibility includes strong management, community support in areas where the company maintains operations, and concern for the environment as well as the health and safety of employees and the public. Telesis Operating Co., Inc. embraces these principles and understands that they are an essential part of being a good oil and gas industry citizen.

 
       
  Telesis Operating Co., Inc.’s primary goal is to build value by:  
•  Exploring for lower risk oil and gas reserves at an acceptable economic cost level  
•  Purchasing and exploiting producing oil and gas properties  
•  Enhancing the value of our producing properties through efficient product marketing and field operation activities  
•  Optimizing production operations to control costs, and  
•  Maintaining an aggressive oil and gas reserve growth direction