A family owned privately held company since 1981.

Buffco is continuously engaged in drilling and operations through a number of conventional and unconventional plays across numerous states. With such a broad geographical range of operations, Buffco employs a number of different drilling and completion techniques, giving us a competitive edge when working a new prospect.

Buffco Production, Inc., incorporated in 1981, is an East Texas exploration and production company operating over 400 wells in Texas, Louisiana and Oklahoma. Buffco also owns no-op interest in more than 1,300 wells across five states. Although Buffco’s inventory spans a vast area, Texas is our primary home with a large majority of our operated wells located in East Texas.

Frank Bufkin, III started Buffco Production by purchasing marginal properties from major integrated producers who were no longer able to manage them efficiently on their own. Through stimulation and secondary recovery efforts, the Buffco team maximized those marginal assets to become highly profitable oil and gas properties. In 2008, during the development of the Haynesville Shale, Buffco further utilized its East Texas oil properties with a term assignment of the deep rights, resulting in a wave of new operating capital. Buffco used the liquidity from the Haynesville trade to posture the company as an operator in the Eagle Ford Shale in 2011. In 2014, Buffco completed a second trade with Carrizo that helped further the company’s overall longevity. Buffco continues to be a well-balanced company — proven to thrive in any market condition by meticulously evaluating prospects and successfully forecasting new areas for operations.

Established in 1981, owner and founder Mr. Frank M. Bufkin, III opened the doors of Buffco Production, Incorporated. With oil at ~$90 BBL, leasing and drilling oil and gas properties was viable for Buffco, and the company broke out in Kay County, Oklahoma in the Red Fork oil play. Still today, Buffco owns interest in the original Red Fork leasing prospect and considers those legacy assets the beginning of the company and its long-term success.
During the oil crash of the 1980’s, operating existing oil properties was more cost efficient than building new prospects by obtaining leasehold and establishing a drilling program. Buffco began buying one well each month, largely through a plugging operation in which Buffco took on marginal properties for little money or for plugging liability. This greatly expanded Buffco’s holdings throughout East Texas.
Facing the continued pinch in the oil markets felt industrywide, Buffco explored natural gas wells to diversify its production portfolio. Mr. Bufkin calculated the cost of compression and realized it could reduce costs substantially by having Buffco own its compression. Buffco created BPI Compression that would facilitate all of Buffco’s compression requirements along with third party needs. Buffco would later sell BPI to Mustang Compression, with whom Buffco still has an interest.
Buffco drilled its first well, called the Sheppard Anne #1 (API#42-203-32427). Buffco would soon be established as a full-scale operator with expertise in both upstream and midstream operations. This trial-by-fire wildcatting drove Buffco to continued acquisition of leasehold in several other conventional formations such as the Travis Peak, Pettit and Cotton Valley plays.
With commodities showing signs of relief, Buffco continued its operations and drilled several wells, obtaining several thousands of acres in leasehold. This prompted Mr. Bufkin to analyze his current holdings and explore additional ways to maximize his company’s production capabilities.
With a thorough asset review of reservoir data, it was determined that Buffco had amassed over 100 Cotton Valley PUDs in East Texas. Due to the low quality of drilling contractors available at the time, Buffco established Independent Drilling, LLC and acquired its first drilling rig. To date, Buffco owns four drilling rigs that manage all of Buffco’s drilling programs, including horizontal drilling in the Eagle Ford Shale and a multitude of third-party drilling contracts.
During the boom of the Haynesville Shale, and with natural gas commodities still healthy, Buffco further utilized its East Texas assets with a term assignment to Chesapeake Energy – most of which termed out and reverted back into Buffco’s control. With that funding, Buffco embarked on a leasing campaign in the Eagle Ford, reaching over 75,000 net acres resulting in a JV non-op with Carrizo and capturing several thousand acres developed by Buffco in Zavalla County, Texas. Buffco’s Eagle Ford assets still produce ~1,000 BBLs of oil per day making the Eagle Ford Shale one of Buffco’s anchor sources of revenue.
After tremendous success in various shale plays, Buffco leveraged a portion of its Eagle Ford assets to generate liquidity for more diversification. In doing so, its non-op interests were sold to Carrizo for the largest divestiture in the company’s history. With the new capital, Buffco expanded its property holdings significantly and bought into several high-yielding plays, including the Anadarko Basin in Oklahoma, the Delaware Basin in New Mexico and the Buda Rose in Central Texas.
Buffco oversaw the acquisition of ~12,000 acres in the South Overton field targeting horizontal Cotton Valley development in Cherokee County, Texas. After negotiating a JV non-op agreement, Buffco retained interest in the project and now participates in the development of that acreage. With the diversity of Cotton Valley production, Buffo continues to view horizontal Cotton Valley as a flagship formation to help hedge between oil and gas commodities.
Most recently, Buffco continues to strengthen its holdings by exercising its Haynesville deep rights through another term assignment. Buffco has expanded its Eagle Ford holdings in the Briscoe Ranch Field by more than 5,000 net acres and continues to obtain acreage with rich Cotton Valley potential.

Established in 1981, owner and founder Mr. Frank M. Bufkin, III opened the doors of Buffco Production, Incorporated. With oil at ~$90 BBL, leasing and drilling oil and gas properties was viable for Buffco, and the company broke out in Kay County, Oklahoma in the Red Fork oil play. Still today, Buffco owns interest in the original Red Fork leasing prospect and considers those legacy assets the beginning of the company and its long-term success.

During the oil crash of the 1980’s, operating existing oil properties was more cost efficient than building new prospects by obtaining leasehold and establishing a drilling program. Buffco began buying one well each month, largely through a plugging operation in which Buffco took on marginal properties for little money or for plugging liability. This greatly expanded Buffco’s holdings throughout East Texas.

Facing the continued pinch in the oil markets felt industrywide, Buffco explored natural gas wells to diversify its production portfolio. Mr. Bufkin calculated the cost of compression and realized it could reduce costs substantially by having Buffco own its compression. Buffco created BPI Compression that would facilitate all of Buffco’s compression requirements along with third party needs. Buffco would later sell BPI to Mustang Compression, with whom Buffco still has an interest.

Buffco drilled its first well, called the Sheppard Anne #1 (API#42-203-32427). Buffco would soon be established as a full-scale operator with expertise in both upstream and midstream operations. This trial-by-fire wildcatting drove Buffco to continued acquisition of leasehold in several other conventional formations such as the Travis Peak, Pettit and Cotton Valley plays.

With commodities showing signs of relief, Buffco continued its operations and drilled several wells, obtaining several thousands of acres in leasehold. This prompted Mr. Bufkin to analyze his current holdings and explore additional ways to maximize his company’s production capabilities.

With a thorough asset review of reservoir data, it was determined that Buffco had amassed over 100 Cotton Valley PUDs in East Texas. Due to the low quality of drilling contractors available at the time, Buffco established Independent Drilling, LLC and acquired its first drilling rig. To date, Buffco owns four drilling rigs that manage all of Buffco’s drilling programs, including horizontal drilling in the Eagle Ford Shale and a multitude of third-party drilling contracts.

During the boom of the Haynesville Shale, and with natural gas commodities still healthy, Buffco further utilized its East Texas assets with a term assignment to Chesapeake Energy – most of which termed out and reverted back into Buffco’s control. With that funding, Buffco embarked on a leasing campaign in the Eagle Ford, reaching over 75,000 net acres resulting in a JV non-op with Carrizo and capturing several thousand acres developed by Buffco in Zavalla County, Texas. Buffco’s Eagle Ford assets still produce ~1,000 BBLs of oil per day making the Eagle Ford Shale one of Buffco’s anchor sources of revenue.

After tremendous success in various shale plays, Buffco leveraged a portion of its Eagle Ford assets to generate liquidity for more diversification. In doing so, its non-op interests were sold to Carrizo for the largest divestiture in the company’s history. With the new capital, Buffco expanded its property holdings significantly and bought into several high-yielding plays, including the Anadarko Basin in Oklahoma, the Delaware Basin in New Mexico and the Buda Rose in Central Texas.

Buffco oversaw the acquisition of ~12,000 acres in the South Overton field targeting horizontal Cotton Valley development in Cherokee County, Texas. After negotiating a JV non-op agreement, Buffco retained interest in the project and now participates in the development of that acreage. With the diversity of Cotton Valley production, Buffo continues to view horizontal Cotton Valley as a flagship formation to help hedge between oil and gas commodities.

Most recently, Buffco continues to strengthen its holdings by exercising its Haynesville deep rights through another term assignment. Buffco has expanded its Eagle Ford holdings in the Briscoe Ranch Field by more than 5,000 net acres and continues to obtain acreage with rich Cotton Valley potential.

A family owned privately held company since 1981.

A family owned privately held company since 1981.

BUFFCO

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