Pegasi Energy Resource Corp.
OTCQB:PGSI
0.0016(+0.0004)
Today's Range: 0.0016 - 0.0016
as of 10:00am 9/5/2017


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Company Overview

Pegasi is an independent energy company engaged in the exploration, development and production of oil and natural gas. Our operations are exclusively focused on the development of resources in the established Rodessa oil field of East Texas, where Pegasi holds interests in properties in Marion and Cass counties.

The Rodessa oil field has been producing oil and gas since 1929. The Rodessa oil field has to date produced over 400 million barrels of oil and 2.3 trillion cubic feet of gas from over 2,000 producing wells . This production has come from multiple formations including the Rodessa, Travis Peak, Pettit, Cotton Valley and Bossier, which are all proven reservoirs. Most of the Rodessa’s wells were drilled over 50 years ago and targeted the shallower horizons. No major energy company ever established a dominant position in the field. Most development has been conducted by independents and mineral ownership has remained highly fragmented.

Pegasi’s strategy is to apply the latest horizontal drilling and fracture stimulation techniques to develop the deeper relatively underdeveloped reservoirs that were overlooked by earlier developers who lacked the relevant technology.