Texas Opportunity Fund’s acquisitions are based on carefully selected, geologically proven oil and gas properties, and each acquisition and/or development project is evaluated on the basis of geological character, reservoir potential, product marketability, cash flow and return on investment. Our goal is to acquire high-quality producing oil and gas properties with low operating cost levels, established production rates and predictably long production lives.

Acquisitions

Our acquisition checklist provides an overview of the criteria we use to evaluate potential purchases. This checklist is provided as a useful tool for gathering the requisite information that we will need to begin our evaluation.

Existing Cashflow Reports

• 12 most recent months of revenue and expense statements
• 12 most recent months of JIBS (joint interest billings)

Property Information

• Well count
• Development plans (if applicable) showing upside potential
• Property engineering reports
• Property decline curves
• Operator contact information

Legal Documents

• Legal description of property with acreage size
• Legal description of property with unitized field information (if applicable)
• Copies of conveyances to assure clear title of property