Somerset Energy Partners Corp.
Market Cap: Private
- Somerset Energy is a new E&P company founded by experienced E&P professionals and focused on low-risk appraisal and development of proven reservoirs in south Texas.
- The Company holds approximately 26,000 acres in two core areas with over 1,500 historical oil wells which are the focus of an extensive chemical clean out and work over program to increase production from the current 250 b/d.
- Somerset is targeting an IPO by Q1 2024 and with production of c. 1,000 b/d growing to over 2,000 b/d by year end 2024.