Reserve Petroleum (OTCMKTS:RSRV) (OTCMKTS:RSRV) is an independent exploration and production company primarily engaged in the acquisition, development and operation of onshore oil and natural gas properties in the United States. The company’s core activities encompass identifying mature fields with remaining reserves, deploying enhanced recovery techniques, and optimizing well performance to extend the productive life of its assets. Reserve Petroleum’s portfolio emphasizes heavy oil properties in California’s San Joaquin Basin, where the company applies steam-injection and water-flood methods to maximize recovery from conventional reservoirs.
In addition to its California footprint, Reserve Petroleum has selectively expanded its asset base into the Permian Basin of West Texas, tapping into both conventional and unconventional reservoirs. The company evaluates opportunities to acquire underdeveloped leases, integrates geological and reservoir data to guide drilling programs, and leverages partnerships with service providers to manage operating costs. Reserve Petroleum also explores ancillary revenue streams, such as gas processing and midstream services, to enhance overall field economics.
Founded in 2012 and based in Bakersfield, California, Reserve Petroleum has grown through targeted acquisitions and operational optimization. Early transactions focused on smaller, mature fields, allowing the company to build technical expertise before pursuing larger-scale development projects. Over the years, management has sought to balance production growth with capital discipline, aiming to generate cash flow from existing operations while selectively pursuing exploratory drilling where geological data suggest upside potential.
The company’s leadership team is led by Chief Executive Officer Henry Sinclair, who brings more than two decades of experience in California oil and gas development, and Chief Financial Officer Laura Mendoza, a finance executive with a background in energy sector accounting and capital markets. Together, they oversee a compact management group and technical staff dedicated to executing field operations and evaluating strategic growth opportunities. Reserve Petroleum’s strategy remains focused on disciplined asset management, operational efficiency and prudent expansion into complementary resource plays.
