River Rock Energy
River Rock Energy Company is a subsidiary of Cardinal River Energy Co., and is also headquartered in Oklahoma City. The company was formed in 2016 to acquire, own and through it's subsidiary River Rock Operating, LLC, operate over 2,000 oil and gas wells in Oklahoma and Kansas, with over 2,300 miles of gas gathering and gas processing assets. The company currently focuses its operations in the Cherokee Basin of Southeast Kansas and Northeast Oklahoma, where the company owns over 200,000 net acres of producing leases. The company's strategy is to maximize value for itself and the banks through the following:
Continue to develop the company's leases and grow its oil and gas reserves at very low finding costs.
Carefully monitor production costs, optimize production operations, and minimize lifting costs.
Utilize prudent risk management and hedging practices to lock-in favorable oil and gas prices while protecting against downside price movements.
Enhance value though the growth of marketing and midstream business operations.