Baron Energy, Inc., an independent oil and gas exploration and development company with assets in the prolific oil producing region of North Texas and a significant acreage position along the Texas Gulf Coast, recently provided an update on its growth strategy, which includes finalizing the proposed merger between Baron and Pertex LP.

During the fourth quarter of 2009, the company continued to conduct its due diligence on the pending merger with Pertex LP, who owns a working interest in 27 wells located in Borden, Garza, Jones, Kent, Nolan, Reagan, Runnels, Scurry and Taylor counties in Texas. The company’s primary focus is to continue to conclude the proposed merger between Baron and Pertex and is also conducting additional negotiations on several potential producing property acquisitions.

“This is a good time to be acquiring acreage that has existing production along with some developmental potential and we feel confident that our strategy of growing through a combination of smart acquisitions and low risk developmental drilling will allow us to reach our goal of 250 barrels of oil equivalent by the end of 2010,” commented Mr. Michael Maguire, chief executive officer of Baron Energy.