PANEX Divisions

Divisions allow people to fully focus on the job at hand. That is why PANEX has divided the work load.  We have people who drill oil wells, people who complete the wells and deliver the oil to market, and people who spend all their time acquiring exciting new properties for us to develop.

Our Divisions Make Us Stronger!

Invest with Panex

PANEX Drilling

The field teams we use have been drilling salt dome structures for decades, scoring millions of barrels of oil in the process.

We have the right people in the right fields at the right time, using the right tools and the right technology to bring oil to the party.  It doesn’t get any better than that.

PANEX Completions

After a well is successfully drilled, it must be successfully Completed.  Completion involves securing and outfitting the wellbore so that oil can flow to market.

Panex Completion Teams are among some of the best in the business!

Burrite Acquisitions

Burrite Acquisitions Inc. is owned by Panex.  The corporation was formed in order to acquire premium oil field assets, including entire oil fields.

Products Made From Oil

  • Ammonia
  • Antifreeze
  • Antihistamines
  • Antiseptics
  • Artificial turf
  • Artificial leather
  • Artificial limbs
  • Aspirin
  • Balloons
  • Ballpoint pens
  • Bandages
  • Boats
  • Bug spray
  • Cameras
  • Candles
  • Candy paraffin
  • Candy oils
  • Car battery cases
  • Car sound
  • Insulation
  • Cassettes
  • Caster oil
  • Chewing gum
  • Chloroform
  • Cleaning fluid
  • Clothing
  • Cold cream
  • Combos
  • Cortisone
  • Crayons
  • Credit cards
  • Dashboard
  • Denture adhesives
  • Dentures
  • Deodorant
  • Detergents
  • Dice
  • Electrical tape
  • Enamel
  • Epoxy Paint
  • Ether
  • Ethyl alcohol
  • Eyeglasses
  • Fabric dyes
  • Fan belts
  • Fertilizers
  • Fishing rods
  • Fishing boots
  • Floor wax
  • Folding doors
  • Food fats
  • Food packages
  • Food preservatives
  • Footballs
  • Fruit ripeners
  • Furniture polish
  • Glue
  • Glycerin
  • Golf balls
  • Guitar strings
  • Hair coloring
  • Hair curlers
  • Hand lotion
  • Hearing aids
  • Heart valves
  • House paint
  • Ice cube trays
  • Ice buckets
  • Ice chests
  • Ink
  • Insect repellent
  • Lacquers
  • Life jackets
  • Linoleum
  • Lipsticks
  • LP Records
  • Lubricants
  • Luggage
  • Medicine
  • Milk cartons
  • Model cars
  • Motorcycle helmets
  • Mouthwash
  • Movie film
  • Nail polish
  • Nail polish remover
  • Newspaper ink
  • Nose drops
  • Nylon fabric
  • Nylon rope
  • Oil filters
  • Paint brushes
  • Paint rollers
  • Paints
  • Pajamas
  • Panty hose
  • Parachutes
  • Peat moss
  • Perfumes
  • Permanent-press clothes
  • Permanents
  • Petroleum jelly
  • Photo film
  • Pillows
  • Plastic furniture
  • Plastic bags
  • Plastic wraps
  • Purses
  • Rayon fabric
  • Refrigerants
  • Refrigerator linings
  • Roofing shingles
  • Rubberized fabric
  • Rubbing alcohol
  • Safety glass
  • Shampoo
  • Shaving cream
  • Shoes
  • Shower doors
  • Shower curtains
  • Slacks
  • Soap dishes
  • Soaps
  • Soft contact lenses
  • Solvents
  • Speakers
  • Sports car bodies
  • Sweaters
  • Synthetic vitamins
  • Tear gas
  • Telephones
  • Tennis racquets
  • Tents
  • Textile oils
  • Tires
  • TNT
  • Toilet seats
  • Toothbrushes
  • Toothpaste
  • Transparent tape
  • Trash bags
  • TV cabinets
  • Typewriter ribbons
  • Umbrellas
  • Unbreakable dishes
  • Upholstery
  • Vacuum bottles
  • Varnishes
  • Vitamin capsules
  • Water pipes
  • Yarn

Sample Tax Returns

Prepared By Danny Looney oil and gas tax expert.

Without Oil Investment (PDF)
This return has no investment in domestic oil.
With Oil Investment (PDF)
This return includes an investment in domestic oil.