Petroleum, Inc. (Cano), is an independent oil and natural gas company.
The Company’s assets are located onshore United States in Texas, New
Mexico and Oklahoma. As of September 22, 2010, Cano had 18 wells
containing multiple completions. On September 22, 2010, the Company had
total acreage of 59,545 gross acres and 59,085 net acres, all of which
was considered developed acreage. The Company sells its crude oil and
natural gas production to multiple independent purchasers. As of June
30, 2010, Cano had a total of 34.2 million barrels of oil equivalent
(MMBOE) of proved undeveloped reserves. During the fiscal year ended
June 30, 2010 (fiscal 2010), 10% or more of its total revenues were
attributable to four customers accounting for 33% (Valero Marketing
Supply Co.), 22% (Coffeyville Resources Refinery and Marketing, LLC),
18% (Plains Marketing, LP), and 10% (DCP Midstream, LP) of total
operating revenue, respectively.
Suite 3200, Suite 200, 6500 N. Belt Line