Mendell Energy, LLC, is an oil and gas exploration and production company formed in 2011 by the combination of certain Wattenberg field oil and gas leasehold interests of Paul Mendell, a well- known Colorado oil and gas entrepreneur, and a diversified investment holding company. Our primary purpose is to develop prospects generated by our management team and, to a lesser degree, participate in non- operated joint ventures.
Our goal is to acquire high quality leasehold prospects within the established Wattenberg field where we can permit, drill and operate. This focus results in providing predictable results in their exploration activities. We also focus on acquiring attractive acreage in certain portions of Colorado and Wyoming and where possible, permit, drill and develop operations.
To date, Mendell has successfully drilled and operated its first two wells on the Hoshiko prospect (near Kersey, Colorado) and has started to drill a series of horizontal wells near the town of Thornton, Colorado, on a prospect known as the KC 320. We e xpect to initiate further lease acquisitions within the Wattenberg field over the next 12- 24 months as well as prospects in the extension area of Wattenberg and in other fields in Colorado and Wyoming.