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Company Profile: Three Rivers Operating Boasts Broad Permian Position

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Company Profile: Three Rivers Operating Boasts Broad Permian Position
Three Rivers Operating Company (II / III)

Headquartered in Austin, Texas, Three Rivers was formed in 2009 and has focused on the Permian Basin (Midland and Delaware Basins). The company has acreage across multiple counties and is one of the broadest portfolios of any Permian operator (see map below).

Management Team:

Mike Wichterich, serves as president Drew Piznur, serves as CFO John Oberg, serves as VP of Business Development

In April 2015, Three Rivers landed a $500 million equity commitment from Riverstone Holdings.

In November 2012, Three Rivers picked up a position in the Midland Basin (15,000 net acres) from Meritage Energy.

Operating Area & Neighbours

In Three Rivers III, the leasehold position is approximately 57,000 net acres in the Delaware Basin.

  Three Rivers' 2016…
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