Joint Resources Company

joint resources company (“jrc”) is a privately owned exploration, operating, production & mineral acquisition company engaged in the acquisition, development & production of oil & natural gas properties. jrc has drilled, completed, re-completed & operated & managed over 350 wells. over the last ten years jrc has concentrated on the development of unconventional oil & gas reserves. this focus resulted in the drilling & completing of approximately 150 barnett shale wells, both vertical & horizontal. this resulted in five (5) major profitable sales of jrc assets being: (i) 2006 barnett shale sale to stroud energy (merging into range resources) (ii) 2007 barnett sale to xto energy (iii) late 2007 fayetteville sale to xto energy & carrizo oil & gas (with retained orri & acreage) (iv) 2009 barnett sale to eog resources (with retained shallow rights) (v) 2010 sale of eagle ford leases to chesapeake (with retained orri & acreage). jrc wells have consistently outperformed most offset operators