Credo Petroleum Corporation (Credo) is engaged in the exploration for and the acquisition, development and marketing of crude oil and natural gas in the Mid-Continent and Rocky Mountain regions and is conducting oil-focused drilling projects in North Dakota Bakken and Three Forks, Kansas, Nebraska and Texas Panhandle plays. Credo is an active operator in Kansas, Nebraska, Wyoming, Colorado and Texas. The Company�s wholly owned subsidiaries include SECO Energy Corporation (SECO) and United Oil Corporation (United). United is an active operator doing business primarily in Oklahoma, and SECO primarily owns royalty interests in the Rocky Mountain region. As of October 31, 2011, it had operating activities in nine states. It owns working interests in about 337 producing wells and overriding royalty interests in about 1,200 wells. During the fiscal year ended October 31, 2011, two wells were acquired, and 22 were sold or abandoned. In September 2012, Forestar Group Inc acquired Credo.