Phoenician Resources and its operating partners currently own and operate over 5,000 barrels equivalent of daily production across several conventional fields in the Mid-Con and Gulf Coast.
We are actively seeking to add to our asset base by focusing on acquisitions up to $30 million in value per transaction within our existing footprint, and are open to extending operations into additional geographies. We focus on acquiring producing properties with well-understood opportunities to increase production through workovers, accessing behind pipe reserves, and drilling proved undeveloped locations. We prefer conventional basins with long operating histories and well understood engineering to limit the geological and technical risks associated with operating and drilling. We are currently investing Phoenician Resources Fund II.