Three Rivers Operating Company
Oil & Energy, 5301 Southwest Pkwy Ste 400, Austin, Texas, 78735, United States, 11-50 Employees
Phone Number: 15*********
Who is THREE RIVERS OPERATING COMPANY
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 ...
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Headquarters: 5301 Southwest Pkwy Ste 400, Austin, Texas, 78735, United States
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Date Founded: 2009
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Employees: 11-50
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Revenue: $5 Million to $10 Million
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Active Tech Stack: See technologies
Industry: Oil & Energy
SIC Code: 1382
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NAICS Code: 213112 |
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Frequently Asked Questions Regarding Three Rivers Operating Company
Answer: Three Rivers Operating Company's headquarters are located at 5301 Southwest Pkwy Ste 400, Austin, Texas, 78735, United States
Answer: Three Rivers Operating Company's phone number is 15*********
Answer: Three Rivers Operating Company's official website is https://3roc.com
Answer: Three Rivers Operating Company's revenue is $5 Million to $10 Million
Answer: Three Rivers Operating Company's SIC: 1382
Answer: Three Rivers Operating Company's NAICS: 213112
Answer: Three Rivers Operating Company has 11-50 employees
Answer: Three Rivers Operating Company is in Oil & Energy
Answer: Three Rivers Operating Company contact info: Phone number: 15********* Website: https://3roc.com
Answer: 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.
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