Three Rivers Operating

Three Rivers Operating Company LLC pursues a focused strategy of acquiring, developing, and operating oil and natural gas reserves in the Permian Basin of West Texas and Southeastern New Mexico. The company was established with capital support from Riverstone Holdings LLC, a private equity firm with diversified investments across the energy sector.... This backing provided the foundation for Three Rivers to build a substantial operating presence in one of North America's most productive hydrocarbon regions. The Permian Basin offers distinct operational advantages that inform Three Rivers' business model. The region features multiple productive geological zones spanning depths from shallow to deep formations, coupled with mature infrastructure and an established network of service providers. Reserve characteristics in the basin typically exhibit extended productive lives with gradual decline rates, creating favorable economics for long-term asset management. These conditions enable the company to execute its acquisition strategy effectively. Three Rivers targets producing properties with specific reserve compositions that align with its development objectives. The company prioritizes assets containing substantial held-by-production acreage alongside quantifiable upside potential in proved but undeveloped reserves.Read More