Somerset Energy Partners Corp.
Symbol:
Private
Market Cap:
Private
Purpose
Financing
Sector:
Energy
Summary:
- 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 30,000 acres in two core areas with 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 in the second half of 2023 and with a goal to exit the year with over 1,700 b/d of production.