Joint Resources Company
Oil & Energy, 5416 Birchman Ave, Fort Worth, Texas, 76107, United States, 11-50 Employees
Phone Number: 18*********
Who is JOINT RESOURCES COMPANY
Joint Resources Company (JRC) is a privately owned exploration, operating, production & mineral acquisition co. engaged in the acquisition, development & production of oil & gas propertie...
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Headquarters: 5416 Birchman Ave, Fort Worth, Texas, 76107, United States
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Date Founded: 1990
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Employees: 11-50
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Revenue: $1 Million to $5 Million
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Active Tech Stack: See technologies
Industry: Oil & Energy
SIC Code: 1382
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NAICS Code: 541370 |
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Frequently Asked Questions Regarding Joint Resources Company
Answer: Joint Resources Company's headquarters are located at 5416 Birchman Ave, Fort Worth, Texas, 76107, United States
Answer: Joint Resources Company's phone number is 18*********
Answer: Joint Resources Company's official website is https://jointresources.com
Answer: Joint Resources Company's revenue is $1 Million to $5 Million
Answer: Joint Resources Company's SIC: 1382
Answer: Joint Resources Company's NAICS: 541370
Answer: Joint Resources Company has 11-50 employees
Answer: Joint Resources Company is in Oil & Energy
Answer: Joint Resources Company contact info: Phone number: 18********* Website: https://jointresources.com
Answer: 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. JRCs current focus is on evaluating drilling prospects while enhancing the companys current assets in targeted core areas in North Texas, Eastern Shelf, & Panhandle Regions.
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