Our approach to the oil and gas business may be what some people would consider old-fashioned. We try to be in places and do things that other operators will not or cannot do because of either financial constraints, the lack of motivation, or vision.

Oil and gas is where you find it, and a lot of it, 54 billion plus barrels worth and trillions of cubic feet of gas, have been found and produced, sold or flared in Texas over the last century. This means it is harder to find, but it also provides a geological imprint or base to work from. Cholla has always been better at taking advantage of other operator’s mistakes, inexperience, and shortsightedness to create new opportunities for itself and its investors.  We like to drill around the edge or below old existing fields, within eye site of tank batteries. In a lot of circumstances, “closeology is still the best geology”! Additionally, we use the tried and true method of sub-surface mapping, along with seismic and geochemical  analysis when appropriate.  H. L. Hunt said – Drill a lot – “Them that drills the most have the most chances to find oil.”  Famous Monty Moncrief said – “Exposure finds the closure.”  Cholla exposes itself to a lot of varied prospects in its area of expertise so that we have more opportunities to find oil and gas.  

 We like to explore and drill in areas that would not be considered “in vogue”. We do not compete against the majors or even the other large independents in Texas and we do not participate in short term oil field “fads”. We like trendology, closeology, betweenology… whatever works. J. Paul Getty once said his success was based on “rising early, working late, and striking oil”. It seemed to work for him and it  works for us!  We retain over 50% of the working interest on all operated properties or deals, so our money is also at risk.

• Seasoned & experienced long term management team – 140 years combined experience by
  management.
  

• We retain at least 51% working interest percentage in each prospect, so our heart and money are in each prospect.
  

• Have the ability to put “HARD” deals together (patience).  Strong hands-on management.  Tank Farms, Towns, Lakes, Wildlife Refuges, Airports, etc.
  

• Good knowledge of industry people – keeping abreast of current drilling by other operators.  Not trying to be the biggest oil company but respected by our peers in the industry.
  

• Strong Balance sheet – No Debt – adds to flexibility to respond to opportunities.
  

• +1,200 BO & 5,000 MCF operated production per day.
  

• We operate the majority of our own production, which ensures better cost controls. 
  

• Operations in over 15 Texas Counties – 4 Texas Railroad Commission Districts.
  

•  Reputation for tough but FAIR dealing.