Reserve Petroleum Company operates as an independent entity within the oil and natural gas industry. Its core business encompasses the discovery, development, and management of petroleum and natural gas assets, focusing its operations across Texas, Oklahoma, Kansas, Arkansas, and South Dakota. As of December 31, 2021, the company held operational stakes in 23.9 net wells primarily yielding natural gas, alongside 33.9 net wells dedicated to crude oil production, collectively covering 8,964 net acres actively producing. Furthermore, the firm possesses mineral rights over 88,242 net acres of non-producing land situated throughout the northern and south-central United States, and has investments in roughly 840 income-generating properties. Established in 1931, the company maintains its corporate headquarters in Oklahoma City, Oklahoma.