Joint Resources Company

Oil and GasTexas, United States11-50 Employees

Joint Resources Company (“JRC”) is a privately owned exploration, operating, production & mineral acquisition co. engaged in the acquisition, development & production of oil & gas properties. JRC has drilled, completed, re-completed, operated & managed over 375 wells. Since the early 2000s JRC has concentrated on the development of both unconventional & conventional reserves. This focus progressed into the drilling & completing of approximately 150 Barnett Shale wells, both vertical & horizontal. The result of this venture led to 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 (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. In 2010, JRC along with a strategic partner decided to evolve its model & focus to acquiring ranches (74,616 surface, & 44,215 mineral/royalty ranch acres) with surface, mineral, water & wind rights. In addition, it has owned & operated pipeline systems & service companies. 

In 2015, JRC entered the Permian Basin & initiated development of its acreage position on the Central Basin Platform targeting the San Andres. JRC drilled & completed 12 horizontal wells until bringing its program to a halt due to the oil market downturn. Since 2018, JRC has been focused on generating & evaluating prospect leads for future development or as leasehold acquisition opportunities, while continuing it's conventional well program in North-Central Texas & Northern Panhandle. JRC’s current focus is on evaluating drilling prospects while enhancing the company’s current assets in targeted core areas in North Texas, Eastern Shelf, & Panhandle Regions.

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