Torchlight Energy Resources, Inc. is an oil and gas exploration and production (E&P) company. The Company is engaged in the acquisition, exploration, exploitation and/or development of oil and natural gas properties in the United States. As of December 31, 2013, the Company had interests in two oil and gases projects, the Marcelina Creek Field Development and the Coulter Field. On January 10, 2012, the Company entered into a farm-in agreement, titled the Coulter Limited Partnership Agreement (the Coulter Agreement), with La Sal Energy, LLC (La Sal). Pursuant to the Coulter Agreement, the Company acquired a 34% working interest in La Sal's interest in the John Coulter #1-R. On June 6, 2014, the Company acquired certain oil and gas assets located in Oklahoma and a wholly owned subsidiary of the Company acquired the properties.