Company Petron Energy II Inc

Petron Energy II, Inc. is engaged in the acquisition, development, production, exploration for and the sale of oil, gas and gas liquids in the United States. The Company operates in the states of Texas and Oklahoma. It has purchased a 75% stake in approximately 1,100 acres with over 60 wells in Wagoner and Tulsa Counties, Oklahoma. This acreage has 5 to 7 payzones, which are capable of producing oil, gas and or both commodities. It has purchased a 75% equity stake in a 105-mile pipeline gas system. The pipeline system extends from Wagoner County into Tulsa County Oklahoma. It has also purchased a 75% stake in a second gas pipeline system, Petron Energy II TNT, Inc. This pipeline system extends approximately 30 miles through Wagoner, Mayes, Rogers and Tulsa Counties Oklahoma. It has drilled over 450 wells. It sells its oil and gas products to a domestic pipeline and to another oil company. Its subsidiaries include Petron Energy II Pipeline, Inc. and Petron Energy II Well Service, Inc.