FieldPoint Petroleum Corporation is engaged in the acquisition, operation and development of oil and natural gas properties, which are located in Louisiana, New Mexico, Oklahoma, South Central Texas and Wyoming. As of December 31, 2013, the Company had varying ownership interest in 360 gross wells (100.71 net) located in five states. The Company operates 65 of the 360 wells; the other wells are operated by independent operators under contracts that are standard in the industry. Its Block A-49 and Block 6 Field, Andrews County is a producing oil field located in Andrews, Texas. The Company owns a 74%-100% working interest in five producing oil wells and three injection wells producing out of the Devonian and Ellenburger formations at an approximate depth of 7,000 to 9,000 feet.