Camterra Resources Partners, Ltd., a Texas Limited Partnership, and Camterra Resources, Inc., a Texas corporation and General Partner of CRPL (“Camterra”), were formed in April 1993 for the primary purpose of acquiring, exploring and developing oil and gas properties. In May 1993, Camterra acquired the domestic oil and gas assets of Neste Oil, Inc and Neste OY (“Neste”). The Neste assets consisted of non-operating working interest in approximately one hundred eighty (180) properties and leasehold interests. These assets were located in seven states, including Texas, Louisiana, Mississippi, Oklahoma, New Mexico, Nevada and Montana.
In 1995, Camterra made the decision to begin operating oil and gas properties in the North Louisiana-East Texas area. Camterra drilled its first operated well in the fall of 1995. In June 1996, Camterra acquired certain oil and gas interests in the Elm Grove Field in Bossier Parish, Louisiana. Camterra developed the Elm Grove properties in Bossier Parish and extended the position through leasehold acquisition while it developed the Hosston, Cotton Valley, Lower Cotton Valley and Haynesville into Caddo Parish, DeSoto Parish and Webster Parish, Louisiana. From February 2008 through January 2011, Camterra sold the vast majority of this operated and non-operated working interest position through eight (8) transactions to Petrohawk Energy, Chesapeake Energy and Exco Resources.
From January 2011 to current, Camterra has acquired and developed several leasehold positions in the Permian Basin. Furthermore, Camterra has embarked on a producing property acquisition strategy to purchase producing operated and non-operated producing properties in Louisiana, Texas, New Mexico and Oklahoma. In December 2013, Camterra purchased the non-operated producing properties of SM Energy Company in Terryville Field, Lincoln Parish, LA. In December 2014, Camterra purchased operated and non-operated producing properties from Forest Oil Company. These properties, in the Arkoma Basin, are primarily located in Logan and Sebastian County, Arkansas. While digesting this larger acquisition, Camterra has been screening geologically generated prospects in the southern United States and continuing to pursue additional operated and non-operated acquisition opportunities.