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Company Information
Other biographies: Ranken is active in lower risk trends where the expected field size is attractive to independent oil and gas companies and other industry partners. The company has consistently added reserves through drilling and acquisition at low finding costs. Ranken initially focused its exploration, development and acquisition efforts in the oil-rich Mid-Continent area of the United States. From this base, the company expanded operations into other states. Operational bonds and permits are held in Arkansas, Kansas, Oklahoma, and Texas. Ranken and our associates have vast experience in these geological provinces. Ranken 's high success rate results from the use of state-of-the-art technology to drill and develop prospects in mature trends where the risk is minimal. The company concentrates on drilling prospects that are balanced with both exploratory and developmental risks. This creates the greatest chance for an acceptable return on investment plus excellent upside potential in the event of an exploratory discovery. Ranken strives to maximize profitability through effective control of the drilling, completion and operating costs.Ranken has consistently achieved drilling success rates significantly above the national average. With these successes industry partners have enjoyed an above average return even during periods of low commodity prices. Ranken's operated production is approximately 500 barrels of oil per day and 2 million cubic feet of gas per day. These holdings provide development drilling opportunities that are currently in the drilling stages. Ranken operates with the utmost good faith and regard for our industry partners. Further, the company maintains close professional relationships with proven oil and gas finders, engineers, accountants, landmen and lawyers. Ranken is in touch with environmental concerns that exist today and takes great care while conducting operations. General Liability insurance, Operators Extra Expense, and Pollution insurance coverage is maintained in amounts that exceed minimum requirements set by regulatory agencies. This coverage is in excess of that carried by typical independent oil and gas producers. If you would like additional information, please contact us at the address, phone numbers or email address on our Contact page. |
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