Three Rivers was formed in the first quarter of 2009, with a strategy to acquire, develop and exploit oil and natural gas reserves in the Permian Basin in West Texas and Southeastern New Mexico. The Company received its formation capital and subsequent equity infusions from Riverstone Holdings LLC, a private equity firm, headquartered in New York, with investments across the entire energy spectrum.
Three Rivers operates assets located in the Permian Basin, one of the most prolific and largest producing oil and gas regions in the United States. Benefits of operating in the Permian Basin include numerous producing zones ranging from 1,000 to 25,000 feet, fully developed infrastructure, and a large, mature group of oilfield service providers. Reserves in the Permian Basin are generally characterized as long lived with shallow decline profiles.
Our core strategy is to complete acquisitions of producing properties that contain large amounts of held-by-production acreage and quantifiable upside in non-producing and undeveloped proved reserves. Generally, our targeted acquisitions have approximately 40% to 60% PDP reserves, which enables us to efficiently develop incremental proven reserves without undertaking a large undeveloped leasing effort. Our company employs strict geologic principles with all capital projects in an effort to improve drilling results, and strives to be an efficient operator of our diversified asset base.
Company Details
Three Rivers Operating Company Llc Questions
Three Rivers Operating Company Llc's helpline number is 512-600-3190
Three Rivers Operating Company Llc's website is 3roc.com
Three Rivers Operating Company Llc's LinkedIn profile is https://www.linkedin.com/company/three-rivers-operating-company
Three Rivers Operating Company Llc has
26 employees.
View email and phone details for 26
employees at Three Rivers Operating Company Llc.
Three Rivers Operating Company Llc's industry is
Oil and Gas
Three Rivers Operating Company Llc's top competitors are
Frio Energy Partners,
Permian Resources,
Ridge Runner Resources Ii, Llc,
Aethon Energy,
Ameredev,
Housetop Partners,
Ichthys Energy,
3r Operating, Llc,
Amp,
Firstelement Exploration.
Three Rivers Operating Company Llc's categories are Oil and Gas
Three Rivers Operating Company Llc's founding year is 2009
