The Reserve Petroleum Company, an independent oil and gas company, engages in the oil and natural gas exploration and development, and minerals management with areas of concentration in Texas, Oklahoma, Kansas, Arkansas, and South Dakota. As of December 31, 2021, the company had working interests in 23.9 net gas wells producing primarily gas and 33.9 net wells producing oil with interests in 8,964 net producing acres. It owns non-producing mineral interests of 88,242 net acres located in the north and south-central United States; and has interests in approximately 840 producing properties. The company was incorporated in 1931 and is based in Oklahoma City, Oklahoma.