Storm Peak Energy has acquired all the Culberson County, Texas assets of Midland, Texas independent Big Star Oil and Gas effective February 1, 2010.  The properties, located 150 miles west of Midland, are in the Ford West and Geraldine Fields.   Thirteen leases encompassing approximately 4500 acres and 48 active wells were acquired, all of which the company operates mostly with 100% working interest.

The wells produce from the Delaware Sands at depths from 2500’ to 4500’.  The wells were drilled in the early 1980s and exhibit long-life, low cost stable production characteristics.  The acquisition offered substantial opportunities for behind-pipe pay additions, re-stimulation and infill drilling potential.

President David Cox commented “We like these assets for the multi-pay potential and see considerable new drilling opportunities.  This will be a solid foundation for the company to grow on.”