March 29, 2010
H-M Resource Management, Inc. ("HMRM") has successfully returned to production, the #1 oil well on the Wilkinson Lease. The well, drilled in 1967, had developed a hole in the production casing. It is located 7 miles northwest of the town of Menard in Menard County, Texas. The well produces oil from the King sand at a depth of 1,615’ and is in the Ferris (King 1650) Field. This field was discovered in 1967 by the company’s #1 G.W. Kothmann well and the field has produced nearly 1,700,000 barrels of oil.

October 3, 2009
H-M Oil Company hosted twenty-six graduate students and three faculty members of the Nicholas School of the Environment and Earth Sciences at Duke University for a tour of a typical Texas pumping oilfield at H-M’s Garrett-Cole Lease located on the Brookshire Salt Dome. It is the fourth year that the Duke students have toured the lease as part of their Houston field trip to view the ‘hydrocarbon industry’ firsthand. Randy Little provided his insights as to the role and place of the independent oilman in the energy industry. The students and Randy discussed the economics and philosophies of a small, family-run independent in today’s challenging environment, as well as current ‘green’ and alternative energy sources and their impact on the Texas energy markets.

August 14, 2009
H-M Resource Management, Inc. ("HMRM") completed the sale of its entire working interest in the E.G Henry lease to Trek Resources, Inc. The Henry lease is located in McMullen County Texas and is in the A.W.P.(Olmos) field. The effective date of the sale was July 1, 2009.

October 16, 2008
H-M Resource Management, Inc. ("HMRM") has successfully re-completed the #1 gas well on the Anderson Northington Unit Lease located 1 mile northwest of the town of Egypt in Wharton County, Texas. The well is now producing gas from the Miocene at a depth of 2,600’ and has been placed in the Northington (2600) Field Wharton County, Texas. This producing formation is a prolific producer in the area. The well began producing in September with gas sales being made to Gateway Gathering, Inc.

October 11, 2008
H-M Oil Company ("HMO") hosted twenty-eight graduate students and four faculty members of the Nicholas School of the Environment and Earth Sciences at Duke University for a tour of a typical Texas pumping oilfield at HMO’s Garrett-Cole Lease located on the Brookshire Salt Dome. It is the third year that the Duke students have toured the lease as part of their graduate studies. Randy Little provided his insights as to the role and place of the independent oilman in the energy industry and discussed the economics and philosophies of a small, family-run independent in today’s challenging environment.

October 12, 2007
HMRM and HMO announced that #1 Grandstaff “A” was plugged and abandoned as a dryhole. The well was located in Menard County Texas and was drilled to a total depth of 1,752’. The primary objective of the well was the King oil sand. Drilling samples and open hole log analysis determined that the King sand was not present. The company has no further plans for this lease.

October 6, 2007
HMO hosted twenty-three graduate students of the Nicholas School of the Environment and Earth Sciences at Duke University for a tour of a typical Texas pumping oilfield at HMO’s Brookshire Salt Dome Garrett-Cole Lease. It is the second year that HMO has been a “stop” for the Duke students on their Houston Field Trip as part of their graduate studies. Tracy Little provided his insights as to the role and place of the independent oilman in the energy industry and discussed the economics and philosophies of a small, family-run independent in today’s challenging environment.

March 23, 2007
HMRM has successfully drilled and completed a gas well on the Anderson Northington Unit Lease located 1 mile northwest of the town of Egypt in Wharton County, Texas. The #1 well is now producing gas in the Frio at a depth of 4,400’ and has been placed in the Northington (Frio) Field Wharton County, Texas. The well began producing in April with gas sales being made to Gateway Gathering, Inc.

October 5, 2006
HMRM has successfully re-completed a gas well on the Anderson Lease located 1 mile northwest of the town of Egypt in Wharton County, Texas. The #9 well is now producing gas in the Miocene at a depth of 2,700’ and has been placed in the Egypt, N.W. (Miocene 2760) Field Wharton County, Texas. The well began producing in early September with gas sales being made to Gateway Gathering, Inc. This is the fourth well HMRM has producing on the Anderson lease and the fourth well producing from this formation in the area.

June 27, 2006
HMRM has successfully re-completed an existing oil well on the Sampson Lease in the Brookshire Dome Field, located in Waller County, Texas. The Sampson #8 well was deepened to 2,200’ and completed in the Catahoula formation. The well produced at an initial rate of 15 barrels of oil per day with 230 barrels water per day.

June 14, 2006
HMRM and H-M Oil Company ("HMO") announced that #1 Grandstaff 1517 was plugged and abandoned as a dryhole. The well was located in Menard County Texas and was drilled to a total depth of 1,800’. The primary objective of the well was the King oil sand. Drilling samples and open hole log analysis determined that the King sand was present but not commercial. The company is analyzing the data from this well to determine if there is another drilling prospect on these leases.

March 6, 2006
HMRM and HMO announced that they have successfully participated in the completion of a producing oil well in the Marcado Creek, S. Field, located in Victoria County, Texas. The Lyssy 1-R was completed as an oil well in the 5170’ sand. The well produced at an initial rate of 58 barrels of oil per day with 69 barrels of water. The well was drilled and completed by John Kirkpatrick Oil LLC and HMRM will assume operations of the lease in April.

February 2, 2006
HMRM has successfully completed a gas well on the Anderson Lease located 1 mile northwest of the town of Egypt in Wharton County, Texas. The Anderson #9 well was drilled to 4,800’ and 5 ˝” production casing was set to T.D. The well has been completed in the Frio formation and placed in the Northington (Frio) Field. It is currently selling 235 McfD on a 6/64” choke with 1,390 psi. Gas sales will be made to Gateway Gathering, Inc. under an existing sales contract.