Three Rivers Operating Company
- Company typePrivate
- Founded2009
- HeadquartersAustin, United States
- Headcount11–50
- GTM typeB2B
- OfferingServices
Three Rivers Operating Company firmographics
Firmographics- Name
- Three Rivers Operating Company
- Legal name
- Three Rivers Operating Company IV LLC
- Website
- https://3roc.com
- Company type
- Private
- Founded year
- 2009
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Ownership category
- akta.pro rank
Three Rivers Operating Company industry classification
Industry- Product category
- Oil and Gas Exploration & Production
- NAICS
- Oil and Gas Extraction (211), Crude Petroleum Extraction (21112), Natural Gas Extraction (21113)
- SIC
- Crude Petroleum & Natural Gas (1311)
- akta.pro primary industry
- Production Operations & Well Optimization (Artificial Lift, Flow Assurance) (EUALAAAF)
- akta.pro secondary industries
- Field Development Planning & Subsurface Reservoir Engineering (EUALAAAC), Drilling & Well Construction (E&P Operator-led) (EUALAAAD)
Keywords
Where Three Rivers Operating Company is headquartered
LocationHeadquarters
- HQ city
- Austin
- HQ country
- United States
- HQ region
- North America
Offices2 records
Markets served
Three Rivers Operating Company business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Supply Chain, Infrastructure
Revenue model
- Oil and Gas Production Revenue: Revenue generated from oil and natural gas production through operated wells in the Permian Basin. The company has historically generated substantial proceeds from asset sales and ongoing production.
- Asset Acquisition and Monetization: Company acquires producing oil and gas assets, applies operational efficiencies, and monetizes through strategic sales. Historical track record shows successful exits through asset sales to larger E&P companies.
Go-to-market motion1 record
Distribution channels1 record
Marketing channels2 records
Three Rivers Operating Company product offering
Product offeringCore offering
Three Rivers Operating Company acquires, develops, and operates upstream and midstream oil and natural gas assets in the Permian Basin of West Texas. The company pursues asset acquisitions where its team can capture upside through geological expertise, operational efficiencies, and midstream synergies, then monetizes through strategic asset sales. It also provides revenue owner relations services including payment processing, direct deposit, and address change management for interest owners.
Product overview
Three Rivers Operating Company IV LLC is a privately held oil and natural gas company that operates as a unified platform focused on the acquisition and operation of upstream and midstream oil and gas assets in the Permian Basin. The company has successfully executed four consecutive partnerships (Three Rivers I, II, III, and IV) with private equity firm Riverstone Holdings, each representing acquisition and development cycles that have been monetized through asset sales. The company provides integrated services including upstream asset acquisition and operations, midstream asset management, and revenue owner relations. Since inception in 2009, the company has made over 15 acquisitions, aggregated over 380,000 net acres, drilled over 300 wells, and operated over 1,000 wells in the Permian Basin.
Differentiator
Problem solved
Functional benefit
Products and services
- Upstream Oil and Gas Asset Acquisition and Operations Acquisition, development, and operation of upstream oil and natural gas assets in the Permian Basin, applying geological expertise, operational efficiencies, and midstream synergies to capture upside. Since 2009, the company has aggregated over 380,000 net acres, drilled over 300 wells, and operated over 1,000 wells.
- Midstream Oil and Gas Asset Services
- Revenue Owner Relations Services
Companies that use Three Rivers Operating Company
Customer profileSegments1 record
Ideal customer profiles2 records
Three Rivers Operating Company technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Three Rivers Operating Company partnerships and signals
Strategic signalScale indicators19 records
Recent moves10 records
Expansion highlights4 records
Three Rivers Operating Company competitors and assessment
Company assessmentDirect peers
- Parsley Energy: Pure-play Permian Basin E&P acquired by Pioneer Natural Resources in 2021 for ~$7.6B. Operated a basin-focused acquisition-and-development model in the Permian Delaware and Midland, directly comparable to Three Rivers' strategy and exit profile.
- Matador Resources: Public independent E&P focused on the Permian Basin (Delaware and Central Basin Platform) with integrated midstream operations. Closely matches Three Rivers' upstream-plus-midstream Permian model and basin-focused growth strategy.
- Centennial Resource Development: Permian-focused independent E&P (Permian Basin) backed by private equity (notably NGP and Silver Run) and ultimately acquired by ConocoPhillips. Closely comparable in structure as a PE-backed, basin-focused vehicle that successfully exited to a major.
- Civitas Resources: Permian Basin-focused independent E&P (Permian and DJ Basin) that scaled via acquisitions. Comparable as a basin-concentrated operator pursuing a buy-and-develop strategy similar to Three Rivers' PE-backed vehicle model.
Broad incumbents
- Diamondback Energy: Large-scale public Permian pure-play E&P with significant acreage in the Delaware and Midland sub-basins. Competes with Three Rivers for Permian acquisition targets and is a typical exit-acquirer profile for the type of vehicle Three Rivers builds.
- ConocoPhillips (Permian): Global major with the largest Permian position, and a direct acquirer of Three Rivers' prior-vehicle assets through its Concho and Permian Resources acquisitions. Relevant as both a competitor for Permian deals and as a likely exit counterparty for Three Rivers IV.
- Occidental Petroleum: Major E&P with a top-tier Permian position. Acquired Three Rivers II's Delaware and Midland assets in 2014, making it a direct historical exit partner and a comparable acquirer of basin-focused vehicles like Three Rivers IV.
- Devon Energy: Large independent E&P with a focused Permian Basin (Delaware) position, formed in part via the WPX Energy merger. Comparable as a public, basin-focused acquirer that competes for the same acreage and asset packages as Three Rivers.
Emerging players
- Viper Energy: Mineral and royalty acquisition platform affiliated with Diamondback Energy, focused on the Permian Basin. Comparable as a Permian-focused, capital-backed vehicle pursuing acquisition-driven returns, though structured as a mineral/royalty company rather than an operator.
- Sitio Royalties: Public mineral and royalty company with a concentrated Permian Basin position. Comparable thematically as a Permian-focused, acquisition-driven platform, though Sitio is a non-operating mineral/royalty vehicle rather than an upstream operator like Three Rivers.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks5 records
Key highlights6 records
Customer concentration
Three Rivers Operating Company financial estimates
Financial estimateRevenue estimate
Valuation estimate
Three Rivers Operating Company leadership team
Management profileNumber of profiles
Profiles4 records
Three Rivers Operating Company subsidiaries and ownership
Company hierarchySubsidiaries3 records
Three Rivers Operating Company funding detail
Funding detailFunding overview
Funding rounds1 record
Investors1 record
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Three Rivers Operating Company M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Three Rivers Operating Company
What does Three Rivers Operating Company do?
Three Rivers Operating Company acquires, develops, and operates upstream and midstream oil and natural gas assets in the Permian Basin of West Texas. The company pursues asset acquisitions where its team can capture upside through geological expertise, operational efficiencies, and midstream synergies, then monetizes through strategic asset sales. It also provides revenue owner relations services including payment processing, direct deposit, and address change management for interest owners.
Is Three Rivers Operating Company a public or private company?
Three Rivers Operating Company is a private company. It is classified as private equity controlled and is currently operating.
When was Three Rivers Operating Company founded?
Three Rivers Operating Company was founded in 2009. It employs 11 to 50 people.
Where is Three Rivers Operating Company based?
Three Rivers Operating Company is headquartered in Austin, United States, in the North America region.
How does Three Rivers Operating Company make money?
Two revenue lines are on record. Oil and Gas Production Revenue is the primary driver. The others are asset Acquisition and Monetization.
Who are Three Rivers Operating Company's main competitors?
Direct peers on record are Parsley Energy, Matador Resources, Centennial Resource Development and Civitas Resources. Broad incumbents are Diamondback Energy, ConocoPhillips (Permian), Occidental Petroleum and Devon Energy. Emerging players are Viper Energy and Sitio Royalties.
Does Three Rivers Operating Company have an API?
No public API is recorded for Three Rivers Operating Company.
What industry is Three Rivers Operating Company in?
Three Rivers Operating Company's product category is Oil and Gas Exploration & Production. Its primary akta.pro industry code is EUALAAAF, Production Operations & Well Optimization (Artificial Lift, Flow Assurance), with a secondary code of EUALAAAC, Field Development Planning & Subsurface Reservoir Engineering. Its NAICS code is 211 and its SIC code is 1311.