Company History

Company History

Company History

Company History

In early 2016, a consortium of five national banks selected an affiliate of Cardinal River Energy Co. to provide independent advice concerning issues that were affecting one of the consortium’s borrowers.  The borrower was facing serious financial distress and credit related problems, and subsequently filed for bankruptcy protection.   After the filing, Cardinal River continued to provide advice and consulting services to the national bank group.   This eventually led to the formation of River Rock Energy Company, which acquired over 2,500 producing wells, associated leases and a multi-state gas gathering system.   As a part of the transaction, River Rock Operating, LLC assumed operations of all of the wells.   Cardinal River continues to provide management services in connection with the ownership and operation of the foregoing assets.