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 C...
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.
Founded Year
2009
Organization Website
3roc.com
Organization Languages
English
Organization Revenue
18200
Alexa Ranking
665498
Current Technologies
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Job Functions
Engineering
Finance
Accounting
Operations
Business Development
Human Resources
develop & exploit oil & natural gas reserves in the permian basin in west texas & southeastern new mexico
oil & energy
energy
oil & gas
natural resources
Justina Larsen's Work History and Education
Three Rivers Operating Company III LLC
Engineer
2016 - Present
Colleagues at
Three Rivers Operating Company Iii Llc