Joint Resources Company (“JRC”) is a privately owned exploration, operating, production & mineral acquisition co. engaged in the acquisition, development & production of oil & gas properties. JRC has drilled, completed, re-completed, operated & managed over 375 wells. Since the early 2000s JRC has concentrated on the development of both unconventional & conventional reserves. This focus progressed into the drilling & completing of approximately 150 Barnett Shale wells, both vertical & horizontal. The result of this venture led to five (5) major profitable sales of JRC assets being:
I. 2006 Barnett Shale sale to Stroud Energy (merging into Range Resources)
II. 2007 Barnett sale to XTO Energy
III. Late 2007 Fayetteville sale to XTO Energy & Carrizo (with retained ORRI & acreage)
IV. 2009 Barnett sale to EOG Resources (with retained shallow rights)
V. 2010 sale of Eagle Ford Leases to Chesapeake (with retained ORRI & acreage)
JRC wells have consistently outperformed most offset operators both large & small. In 2010, JRC along with a strategic partner decided to evolve its model & focus to acquiring ranches (74,616 surface, & 44,215 mineral/royalty ranch acres) with surface, mineral, water & wind rights. In addition, it has owned & operated pipeline systems & service companies.
In 2015, JRC entered the Permian Basin & initiated development of its acreage position on the Central Basin Platform targeting the San Andres. JRC drilled & completed 12 horizontal wells until bringing its program to a halt due to the oil market downturn. Since 2018, JRC has been focused on generating & evaluating prospect leads for future development or as leasehold acquisition opportunities, while continuing it's conventional well program in North-Central Texas & Northern Panhandle. JRC’s current focus is on evaluating drilling prospects while enhancing the company’s current assets in targeted core areas in North Texas, Eastern Shelf, & Panhandle Regions.
Company Details
- Employees
- 10
- Founded
- -
- Address
- 5416 Birchman Avenue, Fort Worth,texas 76107,united States
- Industry
- Oil And Gas
- NAICS
-
Oil and Gas Extraction
- Website
- jointresources.com
- Keywords
- Oil & Gas Exploration, Geological Assessment, Mineral/Leasehold Aquisition, Prospect Development, Operations, Drilling.
- HQ
- Fort Worth, Texas
Joint Resources Company Questions
Joint Resources Company's website is jointresources.com
Joint Resources Company's LinkedIn profile is https://www.linkedin.com/company/joint-resources-company
Joint Resources Company has
10 employees.
View email and phone details for 10
employees at Joint Resources Company.
Joint Resources Company's industry is
Oil and Gas
Joint Resources Company's top competitors are
Highpeak Energy,
Expand Energy,
Mewbourne Oil Company,
Harvard Petroleum Company,
Manzano Energy Partners, Llc,
Hoss Resources, Llc,
Civitas Resources,
Matador Resources Company,
Chord Energy,
Triple Crown Resources, Llc.
Joint Resources Company's categories are Oil and Gas
Joint Resources Company's founding year is 1990
