About Us
Burleson Energy is an ASX-listed company focussed on projects onshore Texas, targeting conventional oil and gas reservoirs, where high impact prospects can be drilled at moderate cost.
We have aligned with US partner AKG Energy, a company based in Austin, Texas, that boasts a family of established oil patch experts with many years of experience. This alliance is a key asset.
Burleson Energy initially targeted Austin Chalk wells but shifted our focus in 2009 to lower-cost, lower-risk oil and gas leases in the Colorado and Wharton counties of Texas.
We now have a working interest in about 26,000 acres in a Colorado County 3D (CC3D) seismic project area and equity in the right to acquire 1000 square miles of 3D seismic (1K3D project). Two fields are on production as a result of successful exploration drilling. The Heintschel Field is a large resource with three wells currently on production, and more drilling planned. This newly discovered field has a very large commercial potential. The Joann field has one well on production.
About AKG Energy
AKG Energy, and its associates AKG Oil Company and AKG Operating Company, are independent, family-owned companies involved in oil and gas exploration, development and operations. The principals are Dr. Andrew Kugler, Jr, Khib A. Kugler, Karras J. Kugler and Greigh P. Kugler. AKG companies’ principals have a combined 100 years of hands-on experience as explorers, operators and producers.