The Company was founded in 2001 by Chad Hathaway with four things: an entrepreneurial spirit, a $5,000 loan, eight orphaned wells acquired from the California Department of Oil and Gas (DOGGR), and the operating experience he gained from working in the oil business, beginning at the age of seven on family leases. With these attributes, the Company grew from a few barrels per day of production to over 600 barrels of oil per day. Click here for Operations.
In 2006 Mr. Hathaway formed Payzone Directional Services, Inc., a directional drilling company with multi-state operations. Payzone, formerly headquartered in Denver, Colorado, provided directional drilling services throughout the United States to various major oil natural gas companies.
In 2020 Hathaway acquired the assets of Atlantic Oil and Gas under a separate entity called Caballero Operations LLC. Atlantic’s assets included several light oil and natural gas re-completion opportunities along with existing production. Over the past year we have been working diligently to sort through these assets and prioritize the available opportunities that exist, reducing long term liability and update its regulatory compliance status.