Cross Border Resources, Inc., an independent natural gas and oil company, engages in the acquisition, exploration, development, and exploitation of natural gas and oil reserves in North America. The company focuses on the southeastern New Mexico. It owns approximately 865,893 gross mineral and lease acres in New Mexico. The company is headquartered in Dallas, Texas. Cross Border Resources, Inc. is a subsidiary of Red Mountain Resources, Inc. On March 8, 2016, Cross Border Resources, Inc. filed a voluntary petition for reorganization under Chapter 11 in the US Bankruptcy Court for the Northern District of Texas. It is in joint administration with RMR Operating, LLC.