Our History

Santo is a continuation of the Yates family legacy of development of oil and gas in the Permian Basin.

Growing from deep roots

Since 1924, when Martin Yates, Jr., with his partners, completed the Illinois #3 in Eddy County, which was the first commercial oil well on state lands in New Mexico, the Yates family has been intertwined with the economy and cultural life of southeastern New Mexico and their home town of Artesia.

Martin and Mary Yates had four sons who all made their respective marks on the energy industry while advancing the family business. This tradition continued with their descendants, many of whom were and still are hands-on in various oil and gas ventures.

In 2010, Peyton Yates and Hanson Yates founded Santo upon the successful sale of Yates Drilling Company.  They are committed to staying true to their family’s history and values while utilizing modern processes and advanced technology in Santo’s exploration and production activities.