The owners of Saga debated taking the company public in 2004 when their enterprise was supposedly valued over $400 million USD; however, the company remains private and maintains very low debt. In 2000, Saga was offered $49.5 million USD for most of their Texas properties by Delta Petroleum. Instead, the owners of Saga sold one gas property to Delta Petroleum for $3 million USD in 2000 and sold another 680 wells located in Texas to Latigo Petroleum in 2004. Saga generated a profit of over $100 million USD when they sold the aforementioned properties. The Saga Petroleum Company has also acquired and sold many other properties including the sale of 32 wells located in Louisiana, Oklahoma and California to Output Exploration Output Exploration Transaction. In addition, Saga owns numerous gas