Pendragon Oil Company is a Fort Worth, Texas-based, independent natural gas and oil company engaged in the acquisition, exploration, development, and production of natural gas and oil properties. Formed in 1979, Pendragon has stood for excellence and a commitment to enhancing the value and life of it’s reserves. The Company accomplishes this through an entrepreneurial vision and constant focus on increasing the value of its production. The key strategic focus is on established reservoirs in legacy basins with complex, multiple-producing zones that have great upside potential. The company’s operating practices and efficiencies allow for an increase in the recovery factor of the captured resource, resulting in a history of low-risk high value projects located throughout Texas.
Pendragon Oil Company was formed in 1979 with concentrated production in the Bend Arch and Fort Worth Basin. Over the years Pendragon expanded its operations beyond this area into parts of southern Louisiana. During the late 1980′s, the company shifted much of its focus to South Texas, acquiring a number of gas wells and further developing related acreage. The company also acquired a number of leases in the soon to be prolific Austin Chalk horizontal drilling boom of the Pearsall Field. Through 1992, Pendragon drilled and operated a number of horizontal wells in the area. Pendragon currently operates oil and natural gas wells in North Texas and Southeast Texas and owns non-operated working interests and royalty interests throughout the United States.