Browning Oil Company, Inc. (BOCI) is a privately-held, family-owned exploration and production company. The Company is headquartered in Dallas, Texas with a field office in Hobbs, Texas. Browning was founded by Mr. William W. Browning, Jr. in 1974 as an independent oil and gas company. Initially, the Company was focused on exploration and development of the Austin Chalk play in Lee and Fayette County, Texas. Overall, the Company has participated in over 600 operated and non-operated Austin Chalk wells, and currently owns non-operated interests in a number of active horizontal Chalk wells.
The Company currently has several projects in the Northern Midland Basin and the Eastern Shelf of the Permian Basin. Browning operates over 60 wells in this area, and holds an interest in a large number of non-operated wells. Browning has a field office in Hobbs, Texas to accommodate its rapidly expanding footprint on the Eastern Shelf. Browning continues to grow production through horizontal drilling development and exploration prospects. Browning’s business plan incorporates a combination of exploration, exploitation, and reserve acquisitions depending on available opportunities and market conditions. Browning’s relatively small size, coupled with a strong balance sheet and technical staff, gives it the ability to quickly pursue opportunities in its chosen area of interest, predominately Texas.
The management group for Browning Oil Company is headed by Kelly Blackwood, President and CEO.