Millbrae Energy was founded in 2001 to focus on the acquisition, development, and production of oil and natural gas reserves in the Mid-Continent area of the U.S. During its early years, Millbrae became a leading proponent of using advanced dewatering technologies to produce oil and gas. Since 2007, Millbrae has expanded its focus in the Mid-Continent to include other conventional and unconventional oil and gas projects. Recently, that focus has been expanded to include the Permian Basin and, to a lesser extent, a few other key basins in the Central U.S. We look for projects with a mix of proved production along with ample development potential, generally at shallow to moderate depths, and seek to partner with successful industry participants and operators, as we have done many times in the past. We have assembled a talented team of professionals with decades of industry experience. By embracing a long-term investment perspective, combined with our highly capable technical team and a strong capital position, we believe we can add significant value to our development projects.
