Cardinal River Energy I LP
Cardinal River Energy I LPIn late 2006, Cardinal River Energy Company formed a strategic partnership with several privately held Oklahoma City based energy companies. At such time, each of the partners consolidated their oil and gas assets into a limited partnership – Cardinal River Energy I LP.
The partnership initially owned over 500 producing oil and gas wells in several states. Using the company’s low finding cost strategies and active risk management and hedging practices, the partnership’s proven gas reserves have more than doubled while its proven oil reserves have grown by more than 400%.
The partnership now owns an interest in over 1,200 wells located in several states across the U.S. The partnership’s assets include a balanced portfolio of oil and gas properties, and a mix of PDP and PUD wells.
The partnership is currently focusing its efforts on aggressively developing its PUD locations in order to maximize the partnership’s enterprise value.