Joint Resources Company
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- Joint Resources Company (JRC) is a privately owned exploration, operating, production & mineral acquisition company engaged in the acquisition, development & production of oil & natural gas properties. JRC has drilled, completed, re-completed & operated & managed over 350 wells. Over the last ten years JRC has concentrated on the development of unconventional oil & gas reserves. This focus resulted in the drilling & completing of approximately 150 Barnett Shale wells, both vertical & horizontal. This resulted in 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 Oil & Gas (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. Since 2010, JRC along with a strategic partner has evolved its model & focus to acquiring ranches (74,616 surface, & 44,215 mineral/royalty ranch fee acres) with surface, mineral (oil & gas), water & wind rights. In addition, it has owned & operated pipeline systems & service companies. Recent Activity: From 2010-2013, JRC activities focused primarily on properties with upside potential related first to oil & gas mineral rights, along with surface appreciation, water rights, commercial fresh water production, salt water disposal, agriculture, cattle grazing, wind energy, & wildlife management programs. JRC identified combinations of undervalued resources with development potential to substantially increase each propertys overall combined value. Focus Going Forward: The companys most recent focus has been acquiring minerals & royalties in fee, in select, core areas of successful hydrocarbon producing areas, mostly unconventional shale formations.
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Headquarters:5416 Birchman Avenue , Fort Worth, Texas, United States
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Phone Number: +1 817-289-1414
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Website: https://www.jointresources.com
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Employees:11
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Revenue:$1 - 10M
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Legal Name:Joint Resources Company
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Joint Resources Company's Social Media
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| NAICS Code: 541370 |
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Frequently Asked Questions regarding Joint Resources Company
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Where are Joint Resources Company's Headquarters?
Joint Resources Company's Headquarters are in 5416 Birchman Avenue ,Fort Worth,Texas,United States
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What is Joint Resources Company's phone number?
Joint Resources Company's phone number is +1 817-289-1414
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What is Joint Resources Company's official website?
Joint Resources Company's official website is https://www.jointresources.com
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What is Joint Resources Company's Revenue?
Joint Resources Company's revenue is $1 - 10M
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What is Joint Resources Company's NAICS code?
Joint Resources Company's NAICS code is 541370
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How many employees are working in Joint Resources Company
Joint Resources Company has 11 employees
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What is Joint Resources Company's Industry?
Joint Resources Company is in the industry of Oil & Energy
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Who is Joint Resources Company's Owner?
Joint Resources Company's Owner is Jarrod Franklin