The Reserve Petroleum Company reported a significant increase in its financial performance for the fiscal year ending December 31, 2025, with net income attributable to common stockholders rising to $4.9 million, or $32.32 per share, compared to $2.03 million, or $13.18 per share, in 2024. Operating revenues also increased by 9% to $17.44 million, driven primarily by a 10% rise in oil and gas sales, which reached $16.70 million. The company attributed this growth to a substantial increase in natural gas sales, which rose by 76% to $4.80 million, despite a decrease in crude oil sales.
In terms of operational metrics, the company participated in the drilling of 39 development wells in 2025, with 33 completed as producers. Additionally, it drilled 10 exploratory wells, of which 2 were completed as producing wells. The company’s total production included 192,387 barrels of oil and 1,348,157 thousand cubic feet of natural gas. The average price received for oil decreased to $60.03 per barrel, while the average price for natural gas increased to $3.56 per thousand cubic feet.
The company’s mineral interests cover approximately 88,868 net acres across 12 states, with a concentration in Arkansas, Kansas, Oklahoma, South Dakota, and Texas. The company reported a slight decrease in revenue from royalty and other interests, which accounted for 21% of oil and gas sales in 2025, down from 23% in 2024. The company’s customer base remains concentrated, with two customers, Crawley Petroleum Corporation and Mewbourne Oil Company, accounting for 52% of total oil and gas sales.
Looking ahead, the company anticipates continued fluctuations in oil and gas prices, which are primarily determined by the spot market. Management emphasized the importance of retaining quality employees and controlling expenses to maintain profitability amid these market conditions. The company also noted that exploration costs are expected to remain a significant component of capital expenditures in the near term, as it continues to evaluate opportunities for growth in its mineral properties and investments.
About RESERVE PETROLEUM CO
The Reserve Petroleum Company is an oil and natural gas exploration and production firm managing mineral interests and developing properties primarily in Oklahoma and Texas. It owns royalty and working interest assets, participates in drilling operations, and manages undeveloped acreage. The company generates revenue from oil and gas sales, lease bonuses, and related services, leveraging its extensive property portfolio and industry partnerships to sustain moderate growth and asset protection.
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