The Reserve Petroleum Company engages in oil and natural gas exploration and development, and minerals management primarily in Texas, Oklahoma, Kansas, Arkansas, and South Dakota. As of December 31, 2017, the company had working interests in 24.93 net gas wells; and 23.28 net oil wells located in 9,779 net producing acres. It owns non-producing mineral interests of 88,248 net acres located in the north and south central United States; and has interests in approximately 900 producing properties. The Reserve Petroleum Company was founded in 1931 and is based in Oklahoma City, Oklahoma.