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Superior Oil & Gas Co. operates as an oil and gas exploration and development company. It has interest in oil and gas leases, totaling almost 8000 acres and counting in Oklahoma and Texas.

The company was incorporated as Western States Resources, Inc. in February 1989 and changed its name to Red River Resources, Inc. in March 1997. Later, it changed its name to Superior Oil and Gas Co. in June 1997. Superior Oil and Gas is based in Calumet, Oklahoma.

'Superior is our Standard"

Superior Oil and Gas Co. has undergone a top-to-bottom reorganization as it re-enters the oil and gas exploration and development business in Oklahoma and Kansas..
These are exciting times. With the advent of horizontal drilling, north central Oklahoma and Kansas wells are flowing oil and natural gas at rates not seen in years. Geologists predict blanket production across more than 20 contiguous Oklahoma and Kansas counties at moderate depths. Superior’s new team is a world class professional and experienced team with regard to this type of directional drilling.
At the heart of this development is the Mississippi Limestone horizontal play. Superior owns and controls, or has options on, tens of thousands of acres of oil and gas leases, as well as owning nine existing well bores in this play. The price of oil and gas leases in this play has leaped from $100 an acre to more than $1,000 an acre in some locations. The prices are climbing steadily as new wells are drilled and more acreage gets proven for horizontal drilling. The largest oil and gas producers that initiated this drilling play have purchased leases that completely surround our existing well bore leases. We consider our locations for drilling horizontal wells to be among the best locations in Oklahoma and Kansas.
The Oklahoma and Kansas horizontal Mississippian play should provide a high return on investment and a rapid return of capital. With regard to risk, Superior also has access to the subsurface records of earlier drilled vertical wells into the Mississippi formation that provide the necessary “well control” as a foundation for successful horizontal drilling by ensuring that “dry hole” or geological risk is virtually nil.
Recapitalization of the company is under way. Led by a new chief executive officer, Dan Lloyd, Jr., the son of Superior's founder, together with a group of well-seasoned officers, directors and consultants, Superior will commence horizontal drilling in early to mid 2012.
Our quest is to be among the dominant companies in our area of interest. We believe our current foundation in the Mississippian play together with our expansion capabilities will make this a reality going forward.