In 2008, Harvey E. Yates Company, a subsidiary of HEYCO Energy Group, Inc., and Nadel and Gussman, Permian, formed a Joint Venture, Nadel and Gussman HEYCO, LLC (“NGH”). NGH operates 155 wells in southeastern New Mexico, with 2008 production totaling over 640,000 BOE’s. NGH primarily operates in Hidalgo, Lea, Eddy, Chaves, and Roosevelt counties.

Harvey E. Yates Company, based in Roswell, was founded in 1969 by pioneer oil man and wildcatter, Harvey E. Yates. The company’s historic focus has been on the Bone Springs and Morrow formations. In addition to its interest in the NGH Joint Venture, Harvey E. Yates Company holds non-operated interests in 352 wells. Total gross acres held in southeastern New Mexico equals almost 50,000.