Is PRE still an energy co.? Does it still have the 10% free...

Is PRE still an energy co.? Does it still have the 10% free carry in the Sacramento Valley and if so does it apply to Oil or Gas only?

"Chief Executive Officer Armen Nahabedian was in charge of drilling operations for his family’s company, the Nahabedian Exploration Group. In that position, he oversaw some of the deepest exploratory wells drilled in California. Chairman of the Board Dan Szymanski served as Manager of Business Development and Manager of Financial Planning at Occidental Petroleum’s corporate headquarters in Los Angeles. Szymanski also served as manager for 42 oil and gas fields in the Sacramento and San Joaquin valleys"

http://www.trefis.com/stock/coil/articles/130549/profit-from-oil-field-redevelopment-with-citadel/2012-07-05