Company Profile

Joint Resources Company Jrc Is A Privately Owned Explorationoperatingproduction & Mineral Acquisition Coengaged In The Acquisitiondevelopment & Production Of Oil & Gas Propertiesjrc Has Drilledcompletedre Completedoperated & Managed Over 375 Wellssince The Early 2000S Jrc Has Concentrated On The Development Of Both Unconventional & Conventional Reservesthis Focus Progressed Into The Drilling & Completing Of Approximately 150 Barnett Shale Wellsboth Vertical & Horizontalthe Result Of This Venture Led To Five5Major Profitable Sales Of Jrc Assets Being I 2006 Barnett Shale Sale To Stroud Energymerging Into Range Resources Ii 2007 Barnett Sale To Xto Energyiii Late 2007 Fayetteville Sale To Xto Energy & Carrizowith Retained Orri & Acreage Iv 2009 Barnett Sale To Eog Resourceswith Retained Shallow Rights V 2010 Sale Of Eagle Ford Leases To Chesapeakewith Retained Orri & Acreage Jrc Wells Have Consistently Outperformed Most Offset Operators Both Large & Smallin 2010Jrc Along With A Strategic Partner Decided To Evolve Its Model & Focus To Acquiring Ranches74 616 Surface& 44 215 Mineral Royalty Ranch Acreswith Surfacemineralwater & Wind Rightsin Additionit Has Owned & Operated Pipeline Systems & Service Companiesin 2015Jrc Entered The Permian Basin & Initiated Development Of Its Acreage Position On The Central Basin Platform Targeting The San Andresjrc Drilled & Completed 12 Horizontal Wells Until Bringing Its Program To A Halt Due To The Oil Market Downturnsince 2018Jrc Has Been Focused On Generating & Evaluating Prospect Leads For Future Development Or As Leasehold Acquisition Opportunitieswhile Continuing It S Conventional Well Program In North Central Texas & Northern Panhandlejrc S Current Focus Is On Evaluating Drilling Prospects While Enhancing The Company S Current Assets In Targeted Core Areas In North Texaseastern Shelf& Panhandle Regions