BROE Baron Energy Inc (CE)

Baron Energy, Inc. (Pink Sheets:BROE) ("Baron" or the "Company"), an independent oil and gas company, announced today that it has entered into an agreement to participate in a significant production enhancement program on a large producing property in Hutchinson County, Texas.

Management Comments

Ronnie L. Steinocher, President and CEO, said, "We have partnered with Wasp Energy, LLC ("Wasp"), to reactivate up to 40 oil wells in Hutchinson County, Texas. This program should take 2-3 months to complete and will significantly increase production in the field. Wasp will perform field operations and Baron will contribute engineering and administrative support for the partnership." 

Mr. Steinocher added, "This project has existing production and substantial low-cost upside that can be realized in a short time-frame. This 1,200-acre leasehold includes 48 potential producers at a depth of 3,000 feet and is located within the giant Panhandle Field of North Texas We expect these properties to have a remaining reserve life greater than 40 years." 

About Baron Energy, Inc.

Baron Energy, Inc. (Pink Sheets:BROE) is an independent oil and gas production, exploitation, and exploration company headquartered in New Braunfels, Texas, with producing assets in the prolific oil producing Permian Basin of West Texas and North Central Texas.

Baron owns production that is 100% oil, both operated and non-operated, with working interests ranging from 12.5% to 100% in oil fields located in Archer, Baylor, Garza, Hutchinson, Jones, Runnels, Scurry, Taylor, and Young counties, Texas.

Baron's growth strategy centers on making accretive acquisitions, production enhancement programs, reactivation projects, and in-fill drilling, all within the Company's core area of North, North Central, and West Texas.

For more information, please visit www.baronenergy.com.

Forward-Looking Statement

Certain statements in this press release that are not historical facts are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements may be identified by the use of words such as "anticipate," "believe," "expect," "future," "may," "will," "would," "should," "plan," "projected," "potential," "intend," and similar expressions. Such forward-looking statements, involved known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of Baron Energy, Inc. (the "Company") to be materially different from those expressed or implied by such forward-looking statements. The Company's future operating results are dependent upon many factors, including risk factors discussed in the Company's periodic fillings with the Securities and Exchange Commission, which are available for review at www.sec.gov, including the Company's Annual Report on Form 10-K filed on October 23, 2009. The Company undertakes no obligation to update any forward-looking statement, whether as a result of new information, future events, or otherwise.

CONTACT: Baron Energy, Inc.
         Investor Contact
         Brad Holmes
         (713) 654-4009
         b_holmes@att.net