Strata Production Company is an independent oil and gas company incorporated in New Mexico in 1988. Strata's exploration and development program has been primarily concentrated in the Southeastern New Mexico portion of the Permian Basin. Strata has a well-qualified and experienced management team and employs contract services from experienced professionals. In addition, Strata has developed a technological advantage through its association with various public and private entities including the United States Department of Energy (DOE). These relationships helped Strata to drill the first long reach lateral in the Delaware Basin in 1995. The use of high resolution 3-D seismic, advanced reservoir characterization/simulation, horizontal drilling and other reservoir management strategies, together with operational cost efficiencies, provide Strata with a distinct competitive advantage. Because of Strata's geographic focus, its efficient and effective operational, geological, and engineering practices the Company is able to maximize returns and evaluate, prioritize and implement opportunities.