Low Volume Breakout On MDM Permian (USA: $MDMP) 📈

MDM Permian, LLC was registered in Texas in 2017 by Mr. Michael L. Rafael. The primary objective of the company is to build value in the Permian Basin of West Texas and Eastern New Mexico. This will be accomplished through strategic lease acquisition, drilling and producing oil and natural gas, purchase of existing production, re-working old oilfields for overlooked reserves, and waterflooding energy depleted zones. MDM Energy, Inc. is a wholly owned subsidiary operating company of MDM Permian. MDM Energy, Inc. was incorporated in the state of Texas in 1981. The company has drilled over 125 wells in the Illinois Basin over the last decade and had been involved in all aspects of oil and gas development in the basin for over 35 years. As founder and President, Michael L. Rafael has led the company since inception and takes an active, hands on approach to the business. Mr. Rafael has been directly involved with the drilling and or completion of over 350 oil and gas wells in Illinois, Kentucky and Texas.