Petron Energy II, Inc., together with its subsidiaries, engages in the acquisition and development of properties for the production of crude oil and natural gas, the transportation of natural gas through its pipeline subsidiary and well servicing through its servicing subsidiary. The Company's operations are based in the United States.
Floyd Smith, President and CEO of Petron Energy II, Inc., states, "On March 28, 2014 we announced that all workover procedures would be completed by April 15, 2014. We have completed all workovers and have submitted all paperwork including our P-5 renewal application to the Railroad Commission (RRC). The RRC currently is reviewing our application which should be completed very soon, once we receive final approval we will move immediately to return our Texas wells to commercial production. The company expects its Texas production should add an additional 8-10 barrels of oil per day immediately." The next major phase of Texas operations for the company will involve the development of the Redder Lease.