How We Started
Ranken Energy Corporation was formed in May 1986, by Randolph L. Coy as a conservative oil and gas exploration and production company. The primary focus of the company is to drill high quality, technically sound prospects and to purchase economically sound, producing properties.
The company 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 were held in Arkansas, Kansas, Oklahoma, Utah, and Texas. Ranken and our associates have vast experience in these geological provinces. We have since, however, divested of the far-flung holdings and concentrated our attention and efforts in a six-county area of Central Oklahoma.
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’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.
With over 350 wells drilled and $194MM of revenue distributed since we established, the company 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.
The company 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 are 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.