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|Rodessa Operating, Inc., is an independent energy company engaged in the acquisition, development, production, and marketing of natural gas and crude oil. Rodessa Operating, Inc. is primarily involved in the oil and gas industry as a sponsor of, and participant in oil and gas drilling, re-entry, and well stimulation programs. These programs typically involve multiple well and often multiple lease ventures where higher risk wells are balanced by the inclusion of low risk wells in the development program.
Rodessa Operating Company is responsible for the supervision of drilling, completion, and production activities of oil and gas wells in California, Colorado, Arkansas, Florida, Louisiana, Texas, New Mexico, Wyoming, Oklahoma and Kansas.
Rodessa Operating Company prepares AFE's, negotiates bids with drilling and other service contractors, and prepares reserve reports, economic evaluations, and regulatory filings. Rodessa and its network of vendors are currently operating more than 125 wells.
Company sponsored oil and gas development programs are pursued on an industry basis with other oil and gas companies and qualified vendors. Rodessa Operating, Inc.'s primary business strategy is to build a reserve base through the acquisition and development of producing oil and gas properties that are underdeveloped. In selecting and budgeting for development programs, Rodessa Operating, Inc. looks for relatively low risk development and acquisition opportunities, which are believed to have a high probability of yielding steady production.
Rodessa Operating, Inc.'s acquisition strategy focuses on properties that are underdeveloped in areas where we believe substantial reserve additions can be made through relatively low risk drilling, improved production practices, and enhanced recovery techniques. We are continually engaged in the evaluation and pursuit of additional properties for acquisition, focusing primarily in Rodessa Operating, Inc.'s main operating areas.
Our record in the Oil and Gas Exploration industry speaks for itself.
Arkansas, California, Colorado, Florida, Louisiana, Texas, New Mexico, Wyoming, Oklahoma and Kansas.