Storm Peak Energy’s focus is on oil and natural gas properties located in the Greater Permian Basin of West Texas and Southeast New Mexico. The Permian consists of a number of sub-basins that are all productive. One attractive aspect of the Permian is the large number of productive horizons that exist. Formations all the way from the Ellenburger, directly above granitic basement, to the near-surface deposits are productive at various locations in the basin.

The Permian Basin encompasses more than 86,000 square miles and 52 counties. Cumulative production to date totals over 35 billion barrels of oil and 95 trillion cubic feet of gas, making it one of the richest hydrocarbon provinces in the world. On the theory of "The best place to look for oil is in an oil field", the company believes there are tremendous opportunities remaining in the Permian Basin. Properties in this basin present stable production and low-risk development opportunities from multiple proven horizons.

In recent years, advances in completion technology have made dramatic improvements in recovery from many reservoirs and the Permian is no exception. Where originally many lower-permeability reservoirs were overlooked in favor of the most prolific, Storm Peak is now re-visiting these with consideration of improvements to be gained from hydraulic fracturing and horizontal well technology.

Along with the advancement of technology, the company also takes our stewardship of the environment very seriously. Our operations are planned to be minimally intrusive, cleaner and safer for the environment.

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.