Blackstone Oil was established in 2007 to invest in California oil & gas opportunities. The original company mission has evolved, and Blackstone Oil has become a workout and turnaround specialty company for distressed oil and gas companies. Blackstone consults with such companies to facilitate their restructuring, secure financing as well as asset acquisition. Blackstone's considerable experience working with companies before and throughout the complex bankruptcy reorganization process, makes the Company uniquely situated to capitalize on opportunities and acquire distressed oil and gas assets with significant upside potential. These acquisitions are substantially more lucrative because they are coupled with management's knowledge and experience in the oil and gas industry, natural resource infrastructure and the turnaround process.
Blackstone Oil is expanding its portfolio by seeking investment in or acquisition of other oil and gas, and energy ventures throughout the United States, with particular focus on the oil rich states of California and Texas. To that end, the Company has established valuable working relationships with top level petroleum engineers, geologists, counsel and advisers. These industry professionals who consult on potential projects for Blackstone, have worked in oil and gas production in either or both California and Texas for the past 50 years, totaling more than 200 years of collective experience.