Xstate Resources Limited, along with its associated entities, focuses on the exploration and extraction of crude oil and natural gas deposits, primarily within the United States. The company's diverse portfolio includes working interests such as 25% in Canada's Red Earth and 35% in Alberta Plains; a 20% stake in the Anshof-3 exploration well in Austria; and a 33.33% share in the Borba Natural Gas Prospect Drilling project in California. Additionally, it holds various working interests, ranging from 10% to 30%, in numerous oil and gas leases throughout California's Sacramento Basin.