Highpeak Energy Inc. Stock Analysis HPK

HighPeak Energy, Inc. is an independent oil and natural gas company, which engages in the acquisition, development and production of oil, natural gas and NGL reserves. The company is headquartered in Fort Worth, Texas and currently employs 50 full-time employees. The company went IPO on 2018-05-29. The firm is focused on the acquisition, development, exploration and exploitation of unconventional crude oil and natural gas reserves in the Midland Basin in West Texas. The company focuses on the Midland Basin and specifically the Howard and Borden Counties area of the Midland Basin. The Company’s assets include certain rights, title and interests in crude oil and natural gas assets located primarily in Howard and Borden Counties, Texas, and to a lesser extent, Scurry and Mitchell Counties, Texas. The Company’s assets are located in the northeastern part of the Midland Basin. The Midland Basin is part of the Permian Basin of West Texas and Eastern New Mexico. The Permian Basin covers an area of about 96,000 square miles and comprises five sub-regions, including the Midland Basin, the Central Basin Platform, the Delaware Basin, the Northwest Shelf and the Eastern Shelf.