Reserve Petroleum Co
OTC:RSRV
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Reserve Petroleum Co
OTC:RSRV
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Reserve Petroleum Co
The Reserve Petroleum Co. engages in the oil and natural gas exploration and development. The company is headquartered in Oklahoma City, Oklahoma and currently employs 6 full-time employees. The Company’s principal properties are oil and natural gas properties in Texas, Oklahoma, Kansas, Arkansas and South Dakota. The firm has interests in approximately 840 producing properties with 68% of them being working interest properties and the remaining 32% being royalty interest properties. The Company’s undeveloped acreage consists of non-producing mineral interests and undeveloped leaseholds. The firm owns working interests in approximately 167 gross (23.9 net), wells producing primarily gas approximately 291 gross (33.9 net), and wells producing primarily oil. These interests in approximately 67,936 gross (8,964 net) producing acres. These wells include approximately 50 gross (1.83 net) wells associated with secondary recovery projects.
The Reserve Petroleum Co. engages in the oil and natural gas exploration and development. The company is headquartered in Oklahoma City, Oklahoma and currently employs 6 full-time employees. The Company’s principal properties are oil and natural gas properties in Texas, Oklahoma, Kansas, Arkansas and South Dakota. The firm has interests in approximately 840 producing properties with 68% of them being working interest properties and the remaining 32% being royalty interest properties. The Company’s undeveloped acreage consists of non-producing mineral interests and undeveloped leaseholds. The firm owns working interests in approximately 167 gross (23.9 net), wells producing primarily gas approximately 291 gross (33.9 net), and wells producing primarily oil. These interests in approximately 67,936 gross (8,964 net) producing acres. These wells include approximately 50 gross (1.83 net) wells associated with secondary recovery projects.
