Cardinal River Energy Company
Cardinal River Energy CompanyCardinal River Energy Company was founded in 1987 by Art Swanson, then President of Ricks Exploration, Inc., to participate as a non-operator in prospects and wells developed by Ricks Exploration and others. As the company continued to grow, it began generating its own prospects and increased its participation interests in new prospects and wells.
In late 2006, the company formed a strategic partnership with several privately held Oklahoma City based energy companies. At such time, Cardinal River Energy Company became the largest owner in the partnership. Today, the partnership, Cardinal River Energy I LP, owns operated and non-operated interests in over 1,000 wells and properties located in several states across the U.S. Cardinal River Energy Company’s primary business continues to be to participate in oil and gas wells through the partnership, as well as direct participation in outside investments.
Cardinal River Energy is also the parent company of River Rock Energy Company and River Rock Operating, LLC. River Rock Energy owns over 2,500 oil and gas wells in Oklahoma and Kansas, with over 2,300 miles of gas gathering and processing assets. River Rock Operating, LLC is the operator of substantially all of the wells that are owned by River Rock Energy. Both River Rock Energy and River Rock Operating were formed to assist a group of national banks in acquiring, owning and managing assets that were previously owned by a borrower that had filed for bankruptcy protection. With Cardinal River's support, River Rock continues to manage and develop these assets.