Cross Border Resources, Inc. is an oil and gas exploration company holding more than 800,000 gross (some 300,000 net) mineral and lease acres, located primarily in New Mexico. The company's current operations focus on the prolific, multi-play/multi-pay Permian Basin, which offers Cross Border rapid-growth potential. The company seeks to become the premier, non-operated working interest owner in the Permian's rapidly emerging, unconventional plays in addition to participating in the basin's well-established, conventional plays. Some 31,000 of Cross Border's net acres lie within the Permian Basin. Unlike most E&P firms, 99% of Cross Border's acreage consists of either owned mineral rights or leases held by production. Based in San Antonio, the company started in January 2011 following the combination of Doral Energy Corp. and Pure Energy Group.