Carbon Energy Corporation is an independent oil and gas company engaged in the exploration, development and production of oil and natural gas in the United States. The Company’s business is comprised of the assets of Nytis Exploration (USA) Inc. (“Nytis USA”) which conducts the Company’s operations in the Appalachian and Illinois Basins, and of its investment affiliates, Carbon Appalachian Company, LLC which owns oil and gas properties in Appalachia and Carbon California Company, LLC which owns oil and gas properties in California.