Tennessee Colony Oil
Presented as part of the current operated East Texas base and included in the June 2025 update as one of the properties now solely owned by Petralis.
Operator portfolio expands to several counties in East Texas, current production, operating scale, and a repeatable project mix built through acquisitions, workovers, production optimization, and selective drilling.
Presented as part of the current operated East Texas base and included in the June 2025 update as one of the properties now solely owned by Petralis.
Part of the current East Texas platform and a property highlighted in the official site update describing Petralis' sole ownership position.
Shown as part of the operated East Texas footprint that anchors the current Petralis production and acreage base.
Maintained as a separate opportunity lane rather than mixed into the operated-asset story: a shallow, lower-cost proof-of-concept oil opportunity with vertical and horizontal redevelopment potential.
Current gross oil production across the portfolio.
Current gross gas production from operated assets.
Current net oil and gas production.
31 producers over the current mineral-acre base.
Seven acquisitions completed since company formation.
One vertical Pettit well and one 4,250-foot horizontal Cotton Valley well drilled successfully.
Material workover activity completed on operated wells.
Official site update indicates Petralis is no longer operating in Gladewater, including Gladewater Field and Paluxy Jesse Owens Field in Smith County.