VirTex Operating Company, Inc615 North Upper Broadway , Suite 525 , Corpus Christi, Texas, United States

VirTex Operating Company,Inc. is an independent energy company engaged in the acquisition, production, exploration and development of onshore oil and natural gas properties in the United States.  VirTex has approximately 50 full-time employees, and the operational, technical, accounting, land and management capacity to succeed in a changing marketplace.  VirTex currently owns and operates approximately 500 wells throughout the state of Texas and the Appalachian Basin, and from 2003 to 2014 has averaged 21 new wells drilled per year. Its success ratio has been high, as VirTex has set pipe on 99% of the wells it has drilled since 2005.

History

Headquartered in Corpus Christi, Texas, VirTex Petroleum Company, Inc. was incorporated in 1984 as a privately held Exploration and Production company to acquire and develop conventional South Texas oil and gas properties. VirTex Petroleum was reorganized as VirTex Producing Company, L.P., in 2007.  The Company has expanded its acquisition program into unconventional resource plays in Virginia, West Virginia, Illinois, Louisiana and Mississippi in addition to those it currently operates in Texas.

OUR VALUES

Our core values are commitment to excellence,honesty,integrity,respect for the individual,teamwork and creativity.

OUR MISSION

Our mission is to be a growth-oriented industry leader respected throughout the area for the quality and competency of its people, the efficiency and its rich heritage of honesty and integrity.

Business Strategy

VirTex is focused on domestic exploration and production with a strategy of organic growth through the drill bit from conservative, low-risk, unconventional plays.  VirTex is a low cost operator with long lived reserves. Throughout its history, the Company has maintained active drilling and acquisition programs to achieve its growth.  VirTex focuses on projects that are once delineated, provide low risk, repeatable results.

Operations

VirTex owns and operates approximately 500 wells in Texas and the Appalachian Basin.  VirTex continually evaluates the potential of emerging resource plays in the United States. Its competitive positions in Virginia, West Virginia, Louisiana and Texas were developed as part of this ongoing effort. The company focuses on exploration opportunities with low entry costs and property and lease acquisitions with years of growth potential.