Company History

  • 2001 – Form Border to Border Exploration, LLC and BBX Operating, LLC; enter into a Property Management Agreement with Major Independent for the Williston Basin State Line Horizontal Field, North Dakota; form Border to Border #1, LP
  • 2002 – Generate the Horizontal Bakken Dolomite Prospect; acquire 20,000 net acres; form Neches II AMI with Amarado Oil Company, Inc. and others; re-acquire the Neches Propect – Tyler County, Texas; form NechesDevelopment Partnership, LP
  • 2003 – Sell Bakken Acreage and form Joint Venture with Continental Resources; drill Initial Bakken horizontal well in Montana – Goss 34-15H (insert picture?); Joint Venture with Anadarko Petroleum – Neches II area formed; 65,000-acre AMI with Anadarko Petroleum; drill Initial well in Tyler County, Texas – Mann Trust Unit; generate Ollie Prospect – Polk County, Texas; form Ollie Development Partnership, LP; generate Belts Creek, Phillips Lake Woodbine Prospects – Tyler County, Texas; Map and Scout Barnett Shale areas – Johnson County, Texas
  • 2004 – Participate in 12 wells in Montana (total expected project size – 90 wells); participate in 3 wells in Tyler County, Texas (total expected project size – 25 wells); map Bakken Play in Williston Basin, over pressured gas in Green River Basin and East Texas Deep Bossier Sand Play; acquire Belts Creek Prospect Acreage, Phillips Lake Prospect Acreage and expanded Anadarko AMI
  • 2005 – continued drilling in both the Chalk and Bakken Plays
  • 2006 – Drilled down-spaced well at Neches with outstanding results, doubling the size and scope of the prospect; down-spaced wells in Montana are successful; Ollie Prospect continues to expand.
  • 2007 – BBX Operating, LLC formed and drills and completes the McDonnold and the Bear Creek North Wells in Polk County – extending the limits of the Austin Chalk Play to the west; exited 2007 with 1,000 BO and 10,000 MCFGPD operated production; Neches increased 5,000 BO and 30,000 MCFGPD; Ollie increased to 750 BO and 8,000 MCFGPD; Montana production exited 2007 at 10,000 BOPD.
  • 2008 – Construction of the Bear Creek Pipeline; drilled the Parrish and Bear Creek Southeast wells with outstanding shows; spud the Bear Creek Southwest wells.
  • 2009 – 3-rig, multiple-lateral, Operated Drilling Program continues in East Texas. Multi-rig Non-Op drilling program continues. Deep Bossier well results in a new field discovery.
  • 2010 – Key wells drilled to extend the Austin Chalk Field – Gunter #1, #2 and Brown to the east and Davis A-388 #2, Davis-Ferland and Johns-Wilburn to the west.  BBX Operating is named in the top 100 Private Producers in the U.S. by the Oil and Gas Financial Journal/HIS Herold, Inc.  Closed $150,000,000 credit facility with GE Capital Energy Financial Services. 
  • 2011 – Drilling ahead using multiple rigs.  BBX Operating achieved peak production rates of over 3,000 BO and 48,000 MCFGPD in early April.