Properties
Properties are one of the most important aspects of the oil business. If you don't have locations where oil exists, you don't have a chance.
Panex spawned Burrite Acquisitions to insure that we have spectacular properties.
Developing Oil Fields
When panic in the oil patch was ravaging the industry, Panex LLC and subsidiary Burrite Acquisitions began an aggressive campaign to acquire prolific oil fields located around Salt Domes.
We are currently developing The Bayou Choctaw
Field located in South Louisiana.
Bayou Choctaw Field
Located near Baton Rouge, LA.
1,100 acres, Under Developed, 100+ Proved In Field Drill Sites, Pay Zones from 2,000 - 9,000 feet.
15-20 Million Barrels, Proved Oil Reserves.
Targeting 150,000 - 250,000 Barrels per Drill Site.
Blackstone
Located near Baton Rouge, LA
340 acres. Extension of Bayou Choctaw Field
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