Blackstone Oil, established in 2007, was originally formed to invest in California oil & gas opportunities, and has become a workout and turnaround specialist for distressed oil and gas companies. The Company consults on and participates in restructuring, financing, and asset acquisition. Blackstone's considerable experience working with companies both before and throughout the complex bankruptcy reorganization process, coupled with management's experience in oil and gas and natural resource infrastructure, operations, consulting and turnarounds, make the Company uniquely situated to capitalize on opportunities to acquire distressed oil and gas assets with significant upside potential.
Blackstone is expanding its portfolio by seeking investment in or acquiring other oil and gas and energy ventures throughout the United States, including specifically the oil rich states of California and Texas. To that end, the Company has established working relationships with top level petroleum engineers, geologists, counsel and advisers, who have worked in oil and gas production in California and/or Texas for the past 50 years, and have more than 200 years of collective experience, with whom it consults on potential projects.