Announcement • Sep 10
NextMart, Inc. Announces Well Plugging Program NextMart, Inc. announced it will be adding a new oil field service in the plugging of abandoned wells for the State of Oklahoma, Texas, and New Mexico. The Company will be initially contracted to service and plug five hundred (500) wells for the State of Oklahoma, five hundred (500) for the State of Texas, and one hundred (100) for the State of New Mexico. The average payment for the capping of wells will vary between USD 20,000 to USD 40,000 each dependent on the depth of the well to be serviced. The cost to plug abandoned wells will run around USD 3,000 to USD 5,000 per well. The Company will add on a conservative basis over USD 20,000,000 in top line revenue with a profit margin of a minimum of 50%-70%. The well capping program will be operated out of the footprint of the new water stations the company recently announced. The profit margin on the capping of what is commonly referred to as "Orphan Wells" is extremely profitable and the amount of these types of abandoned wells in the State of Oklahoma, Texas, and New Mexico will take years to complete. The company expects this new type of oil field service to make a material change in both the company's top line revenue as well as net income. As long as the company continue to properly fulfill the company's contracts with each state, the company will continue to get new contracts to do the same on an ongoing basis. Federal funding under the bipartisan infrastructure bill that was recently passed set aside a significant amount of money to the states to finally deal with these Orphan Wells some of which have been around for over 100 years. Announcement • Aug 13
NextMart, Inc. (OTCPK:NXMR) acquired Black Widow Permian Energy, LLC from Marla Rogers and others. NextMart, Inc. (OTCPK:NXMR) acquired Black Widow Permian Energy, LLC from Marla Rogers and others on August 11, 2022.NextMart, Inc. will issue 10 million restricted common stock.
NextMart, Inc. (OTCPK:NXMR) completed the acquisition of Black Widow Permian Energy, LLC from Marla Rogers and others on August 11, 2022. Announcement • Jul 02
NextMart, Inc. Announces Appointment of Oscar Maldonado as New Chief Executive Officer NextMart, Inc. announced that it has named Oscar Maldonado as the new Chief Executive Officer of the Company effective July 1, 2022 (Maldonado). Mr. Maldonado was the former owner and officer of Two Brothers, LLC, a specialized oil field service company (Two Brothers Service), which was acquired as a wholly owned subsidiary by the Company on June 16, 2022, for 30,000,000 shares of Common Stock. William Bouyea announced his resignation effective at the end of the third fiscal quarter, June 30, 2022. Mr. Maldonado has run Two Brothers Service in the Permian Basin since 2016. Before that, Mr. Maldonado worked for Occidental USA for over ten years ending with being the Production Coordinator for the State of New Mexico. 
