Operations

With over 37,900 net acres currently under lease, we have two primary areas targeted for redevelopment. 

These assets feature long-lived production platforms that were conventionally developed and have been producing for over 95 years, yet with over 78% of the original oil remaining in place.

Additionally, SORC has identified six prime UGD target oil fields for acquisition and development domestically and globally. Oil fields are like people — each one is similar, yet unique, with its own distinctive characteristics. SORC has invested $60 million to develop its proprietary state-of-the-art simulation, software, and screening tools that allow us to evaluate every oil field globally to select the optimal UGD oil fields.