RENI Completes Due Diligence on Target Acquisition; Confirms Strong Asset Base and Operational Performance

Rhea-AI Summary

Resilient Energy (OTC: RENI) completed due diligence on a planned acquisition and verified a strong operational asset base and 2025 profitability.

Verified assets include five SWD wells, a pipeline tie-in to a major regional operator, an office on 10 acres, a 60-acre shop yard, and a 30-truck water-haul fleet. The target employs 96 people and holds 25 MSAs, including contracts with several Fortune 500 operators. RENI will proceed with closing preparations and said it will release projections after transaction completion.

Positive

• 2025 profitability confirmed for the target company
• Five SWD wells verified as operating assets
• Pipeline tie-in to a major regional operator verified
• 25 active MSAs including several Fortune 500 operators
• 30 water-haul tanker trucks and supporting fleet confirmed

Negative

• Transaction not yet closed; closing still pending
• Company has not released detailed financial figures for the acquisition

HOUSTON, Texas, March 5, 2026 /PRNewswire/ -- Resilient Energy Inc. (OTC: RENI) ("RENI" or "the Company") is pleased to announce that it has completed its due diligence review on the previously announced acquisition of a privately held oilfield services company operating within the U.S. energy sector.

The thorough review confirmed that the target company generated substantial revenues in 2025, remains consistently profitable, and maintains a stable operational footprint with 96 employees supporting its day-to-day activities.

Verified Key Assets

Through the diligence process, RENI confirmed the presence and operating status of:

• Five saltwater disposal (SWD) wells
• Office building situated on 10 acres
• A 60-acre shop yard used for operations and fleet staging
• Pipeline connection linking one SWD well directly into a major regional operator's network
• A fleet of 30 water-haul tanker trucks, along with supporting equipment

Customer Base

The target company maintains 25 active Master Service Agreements (MSAs) with well-established operators across the oil and gas sector— including several that belong to the Fortune 500. These MSAs represent stable, recurring opportunities and long-term operational visibility.

CEO Statement

Jon Bianco, CEO of RENI, commented:

"Completing due diligence was an essential step, and the results exceeded our expectations. This company brings hard assets, strong customer relationships, and a proven operating history. While we cannot yet release detailed figures, we can confirm that revenues and profitability meet the high standards we set for any acquisition. Our disciplined review ensured every detail was verified thoroughly before advancing toward the next phase."

RENI will now proceed toward finalizing closing preparations and expects to release additional information, including projections, following completion of the transaction.

About Resilient Energy Inc. Resilient Energy Inc. (OTC: RENI) is an independent oil and gas acquisition company focused on producing properties and complementary energy services. The Company's strategy centers on building diversified revenue streams that help offset sector volatility while maintaining profitable, sustainable operations. RENI's leadership team brings decades of combined experience across the energy sector, including specialized expertise in saltwater disposal operations. The Company's core competencies include: Strategic acquisitions and integrations Energy services operations management Shareholder value creation Capital markets and fundraising Leveraging this experience, RENI is focused on identifying high-quality, cash-generating targets that offer significant long-term value. The acquisition currently under review exemplifies the Company's disciplined approach to growth—combining operational excellence with clear pathways for revenue expansion and shareholder return.

Contact:

jon@resilientenergyinc.com

 

View original content:https://www.prnewswire.com/news-releases/reni-completes-due-diligence-on-target-acquisition-confirms-strong-asset-base-and-operational-performance-302705437.html

SOURCE Resilient Energy Inc

FAQ

What did RENI confirm after completing due diligence on March 5, 2026?

RENI confirmed the target is profitable and generated substantial 2025 revenues, meeting RENI's standards. According to the company, due diligence verified five SWD wells, a pipeline connection to a major operator, a 30-truck fleet, 96 employees, and 25 active MSAs.

Which key assets did RENI verify in the target acquisition for RENI (OTC: RENI)?

RENI verified five operational SWD wells, an office on 10 acres, and a 60-acre shop yard. According to the company, the review also confirmed a pipeline tie-in to a regional operator and a 30-truck water-haul fleet.

How many employees and customer agreements does the target company have, per RENI?

The target employs 96 people and maintains 25 active Master Service Agreements with established operators. According to the company, several MSAs involve Fortune 500 operators, providing recurring work and operational visibility.

Has RENI released financial details or projections about the acquisition yet?

No, RENI has not released detailed financial figures or projections at this time. According to the company, it will provide additional information, including projections, after the transaction is finalized and closing preparations are complete.

What are the near-term next steps RENI outlined after due diligence on the target acquisition?

RENI will proceed with finalizing closing preparations and will release further information post-closing. According to the company, management will publish projections and additional details following completion of the transaction.