Sabalo Energy, LLC was originally formed in 2014 as an upstream exploration and production company. In its previous iteration, Sabalo Energy primarily owned and operated upstream oil and gas assets in Howard County, Texas. Sabalo maintained a leasehold position in excess of 21,000 net acres in Howard County, and drilled and completed over 70 horizontal wells in the Wolfcamp and Spraberry formations with operated well production peaking at over 16,000 bopd. Prior to Sabalo, the majority of the management team operated the privately held Manti Exploration Operating Company, which pursued a variety of conventional and unconventional development strategies throughout the United States. The Sabalo management team consists of industry veterans with decades of operating experience in many of the largest oil and gas basins in the United States, working for entities such as Exxon Mobil, Texaco, Chevron, Chesapeake, Concho, and the Texas Railroad Commission.