Stratex Oil & Gas Holdings, Inc., an independent energy company, focuses on the acquisition, exploitation, and development of crude oil in Kansas and Texas, as well as non-operated working interests in North Dakota, Montana, Utah, Colorado, and Kansas. The company is also involved in the sale of oil and gas. As of March 31, 2015, it owned an interest in 86 wells, as well as holds approximately 35,317 net leasehold acres in Sheridan, Montana; Williams, Billings, Divide, Mountrail, and Stark Counties, North Dakota; and Weld County, Colorado, Central Kansas, Central Utah and Zavala County, Texas. The company was formerly known as Poway Muffler and Brake, Inc. and changed its name to Stratex Oil & Gas Holdings, Inc. in May 2012. Stratex Oil & Gas Holdings, Inc. is based in Salt Lake City, Utah.