ReoStar Energy CORP

ReoStar Energy Corporation is an independent energy company focused on the exploration, development, and acquisition of crude oil and natural gas properties. The company generates drilling prospects on its existing assets and acquires complementary acreage in mature fields to implement enhanced oil recovery programs. It produces both crude oil and natural gas, balancing its portfolio across developmental projects and secondary recovery initiatives. ReoStar markets and sells its oil and gas production to energy and gathering companies, including Copano Field Services/North Texas LLC for natural gas and Parnon Gathering, Inc. for crude oil.

The company concentrates its drilling and production operations within the Southern Mid-continent region of the United States, primarily in Texas. Its primary assets include exploratory and developmental prospects in the Barnett Shale of North Central Texas as well as enhanced oil recovery acreage in the Corsicana field of East Central Texas. At fiscal year-end 2010, the company held approximately 9,000 leasehold acres and employed 13 full-time and 4 part-time personnel. Its corporate headquarters are located in Fort Worth, Texas.

Summary of the business section of ReoStar Energy's latest annual report, written by StockData.