Several members of the Management Team participated in the formation and subsequent sale of AXIO Natural Resources, Inc. AXIO was formed in 2003 as a Natural Gas Partners, VI Portfolio Company. AXIO's reserve base was concentrated in South Texas and the Texas Panhandle. AXIO was sold to Chesapeake in January 2006. AXIO executed on an aggressive acquire and exploit strategy that included 4 major acquisitions and the drilling of 14 wells during its short 2-1/2 year history.