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Joint Resources Company logo — JRC is an independent oil and natural gas exploration and pr...

Joint Resources Company

JRC is an independent oil and natural gas exploration and production company headquartered in Fort Worth, Texas.

Founded 1990 United States Fort Worth, United States 9 employees

General Information

Company Name Joint Resources Company
Founded Year 1990
Location United States Fort Worth, United States +1
Employees 9
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About Joint Resources Company

Joint Resources Company (JRC) is an independent oil and natural gas exploration and production company headquartered in Fort Worth, Texas. Founded in 1990, JRC has established itself as a key player in the industry, with a focus on both unconventional and conventional reserves. The company has an impressive track record, having drilled, completed, re-completed, operated, and managed over 375 wells. It has also achieved significant success through several major profitable sales of its assets to prominent energy companies. In 2006, JRC sold its Barnett Shale assets to Stroud Energy (which later merged into Range Resources), followed by a sale to XTO Energy in 2007. It also completed a sale to XTO Energy and Carrizo in late 2007 and a sale to EOG Resources in 2009. Furthermore, in 2010, JRC divested its Eagle Ford Leases to Chesapeake. These transactions reflect the company's ability to efficiently capitalize on its assets. In addition to its successful ventures, JRC made a strategic shift in 2010 by focusing on acquiring ranches with surface, mineral, water, and wind rights. It also owns and operates pipeline systems and service companies. The company further expanded its operations in 2015 by entering the Permian Basin and initiating development of its acreage position on the Central Basin Platform, targeting the San Andres. While the company momentarily halted its program in the Permian Basin due to the oil market downturn, it has since pivoted its focus to generating and evaluating prospect leads for future development and leasehold acquisition opportunities. Currently, JRC is dedicated to evaluating drilling prospects while enhancing its assets in targeted core areas in North Texas, Eastern Shelf, and Panhandle Regions. With its strong history and diversified approach, JRC presents an exciting opportunity for potential investors seeking exposure to the energy sector.

Taxonomy: Oil and Gas Exploration, Natural Gas Production, Shale Wells, Acreage Acquisition, Mineral Rights, Ranch Acquisitions, Drilling Operations, Geological Assessment, Central Basin Platform, Permian Basin Development, North Texas Operations, Panhandle Regions, Oil Market Downturn, Strategic Partnerships

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FAQ About Joint Resources Company

JRC is an independent oil and natural gas exploration and production company headquartered in Fort Worth, Texas.
Joint Resources Company was founded in 1990.
Joint Resources Company is headquartered in Fort Worth, United States.
Joint Resources Company has approximately 9 employees.

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