Hathaway LLC seeks to acquire oil and gas properties that still contain an economically recoverable amount of reserves. These properties are generally ones that require a significant amount of operational optimization that a smaller operator cannot afford, have an operator that is under financial duress, or were abandoned during periods of depressed oil prices and not yet re-developed or acquired.
Hathaway LLC seeks out ways to lower operational costs. Once operational costs are manageable, upside opportunities are investigated then acted on.
Hathaway LLC has a credit facility with Texas Capital Bank in the amount of $25 Million dollars which allows flexibility for any project. Growth is our goal and we believe we are in a good position for that.