Norris is a Texas-based company that produces crude oil and natural gas from mature, shallow fields. The company targets properties in North Central and Northeast Texas that larger operators bypass because the production volumes are too small for their cost structures. Norris operates several leaseholds, including the Bend Arch Lion, Marshall Walden, and Stuart Leases, and sells its output at spot prices to regional buyers and pipeline operators. The business model relies on being a price-taker; management increases production when commodity prices are high and reduces output when prices decline. To maintain a low-cost structure, Norris uses outside contractors for technical and field work rather than maintaining a large internal workforce. The company focuses on enhancing production from existing wellbores through specialized recovery techniques instead of investing in high-risk frontier exploration. Norris depends on external financing, primarily from its majority owner JBB Partners, to support its operations and fund acquisitions. The company’s strategy involves prioritizing workovers on current assets and selectively acquiring mature fields where enhanced recovery can improve output. This micro-scale approach allows Norris to operate with low drilling costs and minimal overhead.