Mike, I am familiar with PBEX LLC and am acquainted with the Chairman and the CEO (I believe they are brothers), although I’ve never done business with them. Last I knew they were out of Midland. Both have multiple companies and business interests. My recollection is that, at the time I met them several years ago, they were mainly mineral interest buyers, although I’m sure they owned working interests as well. Unless things have changed, I’d be surprised if they did any drilling of the kind of horizontal wells we’re talking about on your acreage. As far as I know, they are reputable folks. I think one of them had even been mayor of Midland at one time. Hope this helps.
Best, Ken