In January 2011, the predecessor company to Komodo was formed to acquire a working interest in an exploration project in south Texas. As of early 2014, the project has been developed into a 65,000 acre field development producing over 2,000 barrels of oil per day and 7 million cubic feet of gas per day. Additional drilling and production is expected in years to come.
San Pedro Ranch
In October 2013, Komodo acquired a working interest in an exploration prospect located in Galveston County, TX. In November 2013, the well discovered over 1.3 million barrels of recoverable oil located in several different pay-zones. Production began in February 2014.