January 7, 2010 (FinancialWire) — Baron Energy, Inc. (OTCBB: BROE), an independent oil and gas company, continues to work on the pending merger with Pertex LP.

Pertex LP currently owns a working interest ranging from 5% to 100% in 27 wells located in Borden, Garza, Jones, Kent, Nolan, Reagan, Runnels, Scurry and Taylor Counties, Texas with approximately 40 Boepd (Barrels or oil equivalent per day) in net production, 230 Boepd gross.

Pertex plans to increase its production via a combination of infill drilling to develop reserves in the properties already under management and additional acquisitions in its core areas. Pertex LP has more than 3,000 acres under lease in the Permian Basin.

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