Developing, Acquiring, Generating Revenue from Oil & Gas
Xon Energy Resources Inc./ Walker Lane, which owns Oil and Gas Leases in Texas and Louisiana. With reserves of over 2.5 Million in the ground and Behind- Pipe barrels, the company expects to generate gross revenue of $2,190,000 per year at $45.00 per barrel. In 2015, a third party approved geologist substantiated these numbers in a National Institute Audit Report 51-101, which is an Audit of Reserves for our Wichita Fall County Leases supporting these reserve estimates.
Our Corporate philosophy is to acquire smaller family owned producing oil properties located in Texas, Louisiana, Oklahoma that offer a strong up-side potential. By using new technology, our company can increase present production by 100% or better at a lower price that most Oil & Gas companies. Our cost per barrel of oil production is between $20 to $25 per barrel. As part of our environmentally conscious, we plan to use our own Solar and Wind Power along with back-up from local power companies for emergencies.