Description
Highpeak Energy is an independent oil and natural gas exploration and production company. The Company is engaged in the acquisition, development and production of crude oil, natural gas liquid (NGL) and natural gas reserves.
The Company’s assets are located primarily in Howard County, Texas, which lies within the northeastern part of the oil-rich Midland Basin. The Company’s acreage is composed of two core areas, Flat Top to the north and Signal Peak to the south.
The Company, through Priority Power Management, LLC develops an electric high-voltage (EHV) substation, medium voltage distribution systems and a 13-megawatt direct current solar photovoltaic facility located on approximately 80 acres of land owned by the Company north of Big Spring, Texas in Howard County to provide for the Company’s electrical power needs in its Flat Top operating area including powering drilling rigs and day-to-day operations.
The Company owns approximately 62603 net acres in Howard County, Texas.
