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Three Rivers Operating Company LLC
Overview
A few West Texas rivers ran through Three Rivers Operating Company's oil and gas assets. An exploration and production company, Three Rivers operated from assets covering more than 200,000 net acres in the Permian Basin in West Texas and southeastern New Mexico. Its three core operating areas had proved reserves of 58 million barrels of oil. Formed in 2010, Three Rivers filed a $300 million IPO in 2012 before being offered $1 billion in cash to ...
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sell those assets to Concho Resources. It then turned around and bought 15,000 acres of land in West Texas that can produce 1,900 barrels of oil per day. Three Rivers' owner and key investor is private equity firm Riverstone Holdings LLC.
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Coal Mining Metal Ore Mining Nonmetallic Mineral Mining and Quarrying Oil and Gas Extraction
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