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MDM Permian Inc. (MDMP)

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Last Post: 6/27/2019 2:52:09 PM - Followers: 21 - Board type: Free - Posts Today: 0

MDMP formerly (BPET)


MDM Permian, Inc.
14275 Midway Rd.
Ste. 220
Addison, TX 75001

Phone: (214) 651-9900
http://www.mdmpermian.com

   

Michael Rafael

New President and Chairman
 

MDM Permian, LLC was registered in Texas in 2017 by Mr. Michael L. Rafael. The primary objective of the company is to build value in the Permian Basin of West Texas and Eastern New Mexico. This will be accomplished through strategic lease acquisition, drilling and producing oil and natural gas, purchase of existing production, re-working old oilfields for overlooked reserves, and waterflooding energy depleted zones. MDM Permian, LLC recently completed a reverse merger and is now a publicly traded company, MDM Permian, Inc.

MDM Energy, Inc. is a wholly owned subsidiary operating company of MDM Permian. MDM Energy, Inc. was incorporated in the state of Texas in 1981. The company has drilled over 125 wells in the Illinois Basin over the last decade and had been involved in all aspects of oil and gas development in the basin for over 35 years. As founder and President, Michael L. Rafael has led the company since inception and takes an active, hands on approach to the business. Mr. Rafael has been directly involved with the drilling and or completion of over 350 oil and gas wells in Illinois, Kentucky and Texas.

 

http://mdmpermian.com/wp-content/uploads/2017/03/MW-FJ919_permia_20170406140521_ZH.jpg
 

DALLAS, Feb. 21, 2019 (GLOBE NEWSWIRE) -- via OTC PR WIRE – BestNPet, Inc. (OTCPINK: BPET), a Nevada company announces that effective February 15, 2019, Michael Rafael has been appointed President and  Chairman, BPET's former management and directors have resigned. MDM Permian, LLC and MDM Energy, Inc. has effected a reverse merger with BestnPet, Inc.  BPET's new focus will center on domestic oil and gas production as MDM Energy has been doing since 1981.

BestNPet, Inc. will be immediately filing for a name and symbol change to reflect the energy focus to MDM Permian (MDMP). MDM Permian, LLC was formed in the great State of Texas in Feb. of 2017. Post-merger, MDM Permian, LLC has become BestnPet, Inc.  As the name indicates, MDMP was formed to exploit resources in the Permian Basin of West Texas and Eastern New Mexico. We currently have 2 prospects in West Texas and 1 in Southeastern New Mexico. Our main objective is the Wolfcamp Shale and Bone Springs formations; they also have conventional production horizons as well.

MDM Energy, Inc., incorporated in the great State of Texas in Feb. 1981 and is a wholly owned subsidiary of BestnPet. The company was nominated for Wildcatter of The Year by the Illinois Oil and Gas Association in 2009 for the discovery of a new oilfield in Effingham County, Illinois. MDM Energy, Inc. holds permitted acreage that is ready to drill for Devonian Reef production in Clay County, Illinois.

“We have drilled over 100 wells in southern Illinois during the past 10 years. Discovered and sold off three significant oil fields and implemented 2 waterflood programs,” stated Mr. Rafael.   The company remains a bonded Operator in Illinois, #4154. MDM Energy, Inc. is registered as a foreign corporation in good standing with the Illinois Secretary of State. The company has provided services as a third-party operator for other companies, providing pre-production or “cradle” to plugging or “grave” operations. We have identified and leased prospects for our self and others, as well as overseeing the drilling, completion and day to day operations of hundreds wells in three states, Kentucky, Texas and Illinois. MDM Energy, Inc. had discovered and developed 2 oilfields and one gas field in Kentucky in the 1980’s and 1990’s. The company was also at the forefront of the early years of the Barnett Shale development and worked on some of the first successful slick water fracs in Texas in the early 2000’s.

MDM Energy, Inc. has enjoyed a long relationship with Countrymark Refinery, located in Mt. Vernon, Indiana. They have been the purchaser of our Illinois Basin crude oil for over 25 years.

“Our primary goal is to create value through lease acquisitions, vertical and horizontal drilling and production, waterflood operations, purchase of existing production, gathering and interpreting scientific data, etc.”

“I look forward to growth and prosperity for our company, our partners, and shareholders,” further stated Mr. Rafael.

http://www.globenewswire.com/news-release/2019/02/21/1739446/0/en/BestNPet-Completes-Reverse-Merger-With-Texas-Based-MDM-Permian-LLC-and-MDM-Energy-Inc.html

 

MDM Permian, LLC is aggressively seeking and researching viable oil and gas drilling prospects in the Midland Basin of West Texas. Crockett, Glasscock, and Howard counties are at the center of our field of interest. Identified acreage is both promising in terms of proven production in the areas as well as financially attractive. MDM Permian, LLC believes these areas offer the best possibilities to grow production, cash flow and future value. The company anticipates closing on these and other properties in fiscal 2018 and beginning Texas production operations in 2019. The company will initially drill a mix of both vertical and horizontal wells to prove and hold the acreage.


 
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PostSubject
#137  Sticky Note NEWS: 2019 PERMIAN BASIN BUSINESS PLAN zeekhoe 04/03/19 04:05:50 PM
#224   According to the subscription website ScoutCheck.com MDM Permium roger wilco 06/27/19 02:52:09 PM
#223   Nice whether starts tomorrow in clay county Illinois brucebill 06/07/19 12:28:58 PM
#222   Nice whether starts tomorrow,it is going to be brucebill 06/07/19 07:40:19 AM
#221   ..........what a great UPDATE..........this company is a class brucebill 06/05/19 12:16:11 PM
#220   https://www.otcmarkets.com/stock/MDMP/news?id=230583 $MDMP update Viky 06/04/19 06:23:02 PM
#219   https://www.bnnbloomberg.ca/permian-explorers-expand-activity-as-drilling-costs- macnai 06/01/19 09:56:04 AM
#218   Tweet out adijas 05/21/19 11:16:42 AM
#217   Q out https://www.otcmarkets.com/stock/MDMP/disclosure adijas 05/17/19 01:05:19 PM
#216   All the big boys are playing in the roger wilco 05/15/19 10:00:49 AM
#215   Permian Pure Play Merger And Takeover Targets macnai 05/15/19 09:00:55 AM
#214   HUGE PLAY COMING HERE -$MDMP gonna rock the OTC stockyupydowny 05/14/19 03:22:07 PM
#213   Follow MDM Permiam and stay abreast of the roger wilco 05/12/19 09:32:44 AM
#212   ...............COMPANY IS ALREADY TALKING ABOUT NASDAX ............. as brucebill 05/12/19 09:26:28 AM
#211   ..............4 BILLION DOLLARS IN OIL !!............. MDM has brucebill 05/12/19 09:25:11 AM
#210   The CEO Micael Rafeal is a seasoned expert roger wilco 05/10/19 03:32:50 PM
#209   ............PINK CURRENT.............. brucebill 05/10/19 03:28:32 PM
#208   Now the $MDMP show can bee-gin roger wilco 05/10/19 01:39:44 PM
#207   MDMP now Pink current. Next week is going ThePennyGuru 05/10/19 01:32:59 PM
#206   Attorney letter out adijas 05/09/19 11:30:55 AM
#205   Hopefully the 3rd time is the charm to roger wilco 05/08/19 03:45:54 PM
#204   Filings out https://www.otcmarkets.com/stock/MDMP/disclosure adijas 05/08/19 02:12:57 PM
#203   .......GREAT NEWS.........I have to repeat it..................... #MDMP is brucebill 05/08/19 02:34:59 AM
#202   MDMP gonna drill in the Permian! Just waiting ThePennyGuru 05/07/19 10:30:20 PM
#201   More #MDMP is acquiring leases in Jack County, Texas. shanak10 05/07/19 08:31:52 PM
#200   Tweet out: adijas 05/01/19 10:56:57 AM
#199   Second time is the charm with the filings. roger wilco 04/30/19 02:16:29 PM
#198   More filings out https://www.otcmarkets.com/stock/MDMP/disclosure adijas 04/30/19 02:03:56 PM
#197   I understand,I’m just getting excited .Its going to brucebill 04/23/19 02:00:07 AM
#196   brucebill, It will happen when the OTC gets wickw50 04/22/19 09:19:03 PM
#195   Attorneys letter dropped on the 18th so my brucebill 04/22/19 07:04:31 PM
#194   Holiday weekend probably held up the upgrade to roger wilco 04/22/19 02:01:02 PM
#193   Let the PRss begin brucebill 04/18/19 04:13:45 PM
#192   Let the $MDMP show begin! roger wilco 04/18/19 01:50:43 PM
#191   Great news! Viky 04/18/19 01:43:10 PM
#190   Attorney letter filed. Should be current next week adijas 04/18/19 01:31:47 PM
#189   If it drops below .06 I am adding. brucebill 04/17/19 07:31:44 AM
#188   Market Maker playing games. Low volume walk down. roger wilco 04/16/19 03:25:13 PM
#187   I have been hearing the same talk about roger wilco 04/14/19 03:17:52 PM
#186   Oh yea,I’m really enjoying watching this play out.This brucebill 04/14/19 01:18:32 PM
#185   From what I am hearing the float is roger wilco 04/13/19 10:05:12 PM
#184   I love the way that sounds ,like good brucebill 04/11/19 09:49:33 AM
#183   It looks like one of the legacy sellers roger wilco 04/11/19 09:38:59 AM
#182   ................STOP SIGN GONE ,we moved yield................in a few brucebill 04/11/19 07:10:12 AM
#181   I have been watching that also also the brucebill 04/11/19 07:06:18 AM
#180   Somebody is buying the bottom up in a roger wilco 04/10/19 10:01:23 PM
#179   MDMP O/S 246,982,000 Float 14,850,000 ThePennyGuru 04/09/19 03:50:21 PM
#178   No doubt about it the cost basis of roger wilco 04/09/19 01:40:57 PM
#177   Looks like most of the OS is locked brucebill 04/09/19 12:31:31 PM
#176   It looks like they just need an attorneys roger wilco 04/09/19 12:20:19 PM
#175   They are moving fast adijas 04/09/19 11:53:57 AM
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