Jerry Atkinson incorporated JVA OPERATING COMPANY in 1987. Though the primary focus is on the Eastern Shelf of the Permian Basin, JVA has conducted drilling and production operations in seven states over the years. Currently, JVA is focused on exploration and land acquisition in the Permian Basin. The company operates approximately 100 wells in Stonewall, Coke, Nolan, Runnels, and Garza counties.
JVA's business template since inception has been to grow its oil and gas reserve base by buying producing properties with development opportunities during industry economic downturns, keeping drilling to the necessary minimum to meet lease continuous development obligations, and to drill expansively, both exploitation and 3D seismically supported exploratory prospects when wellhead prices are at stable highpoints.
The major phase in JVA's reserve base is almost entirely oil with rich associated gas. The company's minor reserve phase is gas well gas in the Paradox Basin, Sacramento and San Joaquin Basins. If dry natural gas becomes a desirable commodity again and the wellhead price stabilizes at $6 or $7 per mcf, the company has a significant HBP inventory of gas well development drilling waiting to be done.
| Company Details | |
|---|---|
| Company Name | JVA Operating Company |
| Business Category | Oil & Gas |
| Address | 3300 North A Street Building 8, Suite 260 Midland Texas United States ZIP: 79705 |
| President | NA |
| Year Established | 1987 |
| Employees | NA |
| Memberships | NA |
| Hours of Operation | NA |
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