Reserve Petroleum Co. (RSRV)
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Reserve Petroleum Co. Profile
| Oil, Gas & Consumable Fuels Industry | Energy Sector | Cameron R. McLain CEO | OTC PINK Exchange | 761102102 CUSIP |
| US Country | 8 Employees | 3 Jun 2026 Last Dividend | - Last Split | - IPO Date |
Overview
The Reserve Petroleum Company is a seasoned player in the oil and gas industry, focusing primarily on the exploration and development of oil and natural gas, alongside minerals management. Established in 1931 and headquartered in Oklahoma City, Oklahoma, the company has honed its expertise and operations predominantly within the United States, with specific areas of concentration in Texas, Oklahoma, Kansas, Arkansas, and South Dakota. By the end of 2021, The Reserve Petroleum Company had established a notable presence in the market, reflecting its long-standing commitment to energy production and resource management.
Products and Services
- Oil and Natural Gas Exploration and Development
The company’s core business lies in the exploration and development of oil and natural gas. With working interests in 23.9 net gas wells that primarily produce gas and 33.9 net wells producing oil as of December 31, 2021, The Reserve Petroleum Company leverages advanced technology and a wealth of experience to identify and develop viable sources of energy. Its operations span across strategic locations in the north and south-central United States, focusing on sustainable and efficient production methods.
- Minerals Management
In addition to its exploration and production activities, The Reserve Petroleum Company offers comprehensive minerals management services. This involves overseeing non-producing mineral interests across 88,242 net acres in the United States, acting on behalf of property owners to manage and protect their mineral rights. These services include but are not limited to, leasing negotiations, royalty management, and ensuring compliance with relevant regulations. This facet of the company’s operations underscores its versatility and expertise in the broader spectrum of the oil and gas industry.
- Property Interests in Producing Properties
As part of its expansive portfolio, The Reserve Petroleum Company holds interests in approximately 840 producing properties. This vast array of properties underlines the company’s significant footprint in the energy sector and its commitment to playing a pivotal role in meeting the energy needs of the United States. By maintaining a diversified portfolio of producing properties, the company ensures a steady stream of production and revenue, contributing to its resilience and sustained growth in a competitive market.
