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Riviera Resources Inc's Business Segments
Riviera Resources Inc's reported revenue by business segment and by geographic region, quarterly and annual, normalized against the consolidated income statement. Free below: the top 3 rows per table, this quarter and this fiscal year. Subscriber access adds the full segment history and operating income by segment.
Segment Data As of Q3 FY2020
Reportable Segments
3
Largest Segment
Blue Mountain
Total Revenue
$ 33
Regions Reported
-
Revenue Share by Reportable Segment - Q3 FY2020
- Blue Mountain86.5%
- Upstream22.4%
- Other Divested Properties0%
Revenue by Reportable Segment - Q3 FY2020
| Segment | Revenue (Millions) | % of Total |
|---|---|---|
| Blue Mountain | $ 29 | 86.5% |
| Upstream | $ 7 | 22.4% |
| Other Divested Properties | $ 0 | 0% |
Revenue by Product & Service Category - Q3 FY2020
- Natural Gas Gathering Transportation Marketing and Processing86.8%
- Oil and Gas21.9%
- Oil and Condensate7.9%
- Natural Gas Production6.4%
- Natural Gas Liquids1.9%
- Product and Service Other0.1%
Revenue by Product & Service Category - Q3 FY2020
| Category | Revenue (Millions) | % of Total |
|---|---|---|
| Natural Gas Gathering Transportation Marketing and Processing | $ 29 | 86.8% |
| Oil and Gas | $ 7 | 21.9% |
| Oil and Condensate | $ 3 | 7.9% |
Product and service categories are a supplemental disclosure and are not required to sum to consolidated revenue or to the reportable segments above.
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Description of Riviera Resources Inc
Riviera Resources Inc. is an independent oil and natural gas company primarily focused on the exploration, development, and production of natural gas and crude oil in the United States. The company was formed as a spin-off from Linn Energy in 2018 with the goal of reducing debt and improving performance. Riviera operates in key onshore basins including the Hugoton Basin, the Uinta Basin, the Anadarko Basin, and the Illinois Basin.
The company has a diverse portfolio of assets, with approximately 14,000 net acres in the Hugoton Basin, 49,000 net acres in the Uinta Basin, 19,000 net acres in the Anadarko Basin, and 21,000 net acres in the Illinois Basin. These assets offer significant opportunities for growth and value creation.
In the Hugoton Basin, Riviera operates a low-risk, long-life natural gas production platform. The company utilizes its extensive network of more than 7,000 miles of pipeline infrastructure to transport and market its natural gas production. Riviera possesses a vast amount of drilling inventory in this basin, providing opportunities for future development.
In the Uinta Basin, Riviera focuses on oil drilling and production. The company has implemented advanced drilling and completion techniques, such as horizontal drilling and hydraulic fracturing, to enhance well productivity and increase oil recovery. Riviera also operates a water disposal business in this basin.
The Anadarko Basin is another core operating area for Riviera. The company's operations in this basin primarily target the Pennsylvanian-aged Morrow formation, which is a stacked play with multiple reservoirs. Riviera has significant acreage and production in this basin, contributing to its overall growth and profitability.
Riviera's presence in the Illinois Basin primarily centers around the Indiana portion of the basin. The company operates both conventional and unconventional oil and gas wells in this area, utilizing modern drilling and production techniques. Riviera benefits from the basin's long history of oil and gas production, which provides valuable data and knowledge for their operations.
In addition to its production activities, Riviera is committed to sustainable practices and environmental stewardship. The company incorporates advanced technologies and best practices to minimize its environmental impact and ensure safe operations. Riviera also actively engages with local communities, stakeholders, and regulators to foster positive relationships and contribute to local economic development.
Overall, Riviera Resources Inc. is a well-established independent energy company with a diversified asset base, strong operational capabilities, and a commitment to responsible resource development. The company's focus on optimizing existing assets, expanding its drilling inventory, and implementing advanced technologies positions it for sustainable growth and value creation in the domestic energy market.
The company has a diverse portfolio of assets, with approximately 14,000 net acres in the Hugoton Basin, 49,000 net acres in the Uinta Basin, 19,000 net acres in the Anadarko Basin, and 21,000 net acres in the Illinois Basin. These assets offer significant opportunities for growth and value creation.
In the Hugoton Basin, Riviera operates a low-risk, long-life natural gas production platform. The company utilizes its extensive network of more than 7,000 miles of pipeline infrastructure to transport and market its natural gas production. Riviera possesses a vast amount of drilling inventory in this basin, providing opportunities for future development.
In the Uinta Basin, Riviera focuses on oil drilling and production. The company has implemented advanced drilling and completion techniques, such as horizontal drilling and hydraulic fracturing, to enhance well productivity and increase oil recovery. Riviera also operates a water disposal business in this basin.
The Anadarko Basin is another core operating area for Riviera. The company's operations in this basin primarily target the Pennsylvanian-aged Morrow formation, which is a stacked play with multiple reservoirs. Riviera has significant acreage and production in this basin, contributing to its overall growth and profitability.
Riviera's presence in the Illinois Basin primarily centers around the Indiana portion of the basin. The company operates both conventional and unconventional oil and gas wells in this area, utilizing modern drilling and production techniques. Riviera benefits from the basin's long history of oil and gas production, which provides valuable data and knowledge for their operations.
In addition to its production activities, Riviera is committed to sustainable practices and environmental stewardship. The company incorporates advanced technologies and best practices to minimize its environmental impact and ensure safe operations. Riviera also actively engages with local communities, stakeholders, and regulators to foster positive relationships and contribute to local economic development.
Overall, Riviera Resources Inc. is a well-established independent energy company with a diversified asset base, strong operational capabilities, and a commitment to responsible resource development. The company's focus on optimizing existing assets, expanding its drilling inventory, and implementing advanced technologies positions it for sustainable growth and value creation in the domestic energy market.
Riviera Resources Inc. operates primarily in the natural gas and oil sector and focuses on the exploration, development, and production of oil and gas resources. The company is typically involved in several key segments, products, and services that align with the energy industry, particularly in the United States.
Segments:
1. Exploration and Production (E&P):
- This segment is the core of Riviera’s operations, focusing on identifying and extracting hydrocarbons, primarily natural gas and oil. The company targets various regions, often with established fields that can be economically developed with their technological assets and expertise.
2. Natural Gas Operations:
- A significant part of Rivieras portfolio centers on natural gas production. The company emphasizes developing efficient methods for extracting natural gas to meet market demands and optimize profitability.
3. Oil Production:
- While natural gas is a primary focus, Riviera also engages in oil production. The integration of oil production enhances revenue streams and balances the risks associated with price volatility in the energy markets.
4. Asset Management:
- The company may also engage in managing and optimizing their portfolio of assets, which includes evaluating new acquisitions and divesting non-core assets to heighten overall operational efficiency and returns.
5. Midstream Services:
- Although primarily focused on exploration and production, Riviera may also have involvement in midstream services, which include the transportation and storage of hydrocarbons. This segment is critical for ensuring that products reach markets in a timely and efficient manner.
Products and Services:
1. Natural Gas:
- Riviera Resources produces various grades and forms of natural gas, including dry gas, which is primarily methane, and natural gas liquids (NGLs) which are valuable byproducts extracted from natural gas processing.
2. Crude Oil:
- The company also produces crude oil, which may come from both onshore and offshore drilling operations. Rivieras crude oil production is crucial for markets needing liquid fuels.
3. Drilling Services:
- Riviera typically employs advanced drilling techniques and technologies, which might include horizontal drilling and hydraulic fracturing (fracking) to maximize the extraction of oil and gas from difficult geological formations.
4. Production Optimization:
- The company may implement enhanced oil recovery (EOR) techniques designed to boost production from existing wells, leveraging technology and engineering to improve extraction rates.
5. Environmental Services:
- Given the increasing focus on sustainability and environmental safety, Riviera may offer services related to environmental compliance, impact assessments, and corrective measures to minimize ecological footprints.
6. Consultation and Expertise:
- The company often harnesses its extensive industry knowledge to provide consultancy services, supporting other entities in operational efficiency, risk management, and market analysis related to oil and gas assets.
Investment and Development:
- Riviera is likely actively involved in developing new fields and investing in infrastructure developments as part of their growth strategy. This includes partnerships and joint ventures to enhance resource accessibility and operational capabilities.
Summary:
Riviera Resources Inc. is a multifaceted entity in the oil and gas sector, with a considerable focus on both natural gas and crude oil production. The company’s operations span exploration and production to asset management, and its service offerings reflect its commitment to efficiency, sustainability, and innovation in a competitive energy landscape. The companys capabilities in technology-driven extraction methods, optimizing both oil and gas production, alongside its potential midstream operations and consultation services, position it as a significant player in the North American energy market.
Segments:
1. Exploration and Production (E&P):
- This segment is the core of Riviera’s operations, focusing on identifying and extracting hydrocarbons, primarily natural gas and oil. The company targets various regions, often with established fields that can be economically developed with their technological assets and expertise.
2. Natural Gas Operations:
- A significant part of Rivieras portfolio centers on natural gas production. The company emphasizes developing efficient methods for extracting natural gas to meet market demands and optimize profitability.
3. Oil Production:
- While natural gas is a primary focus, Riviera also engages in oil production. The integration of oil production enhances revenue streams and balances the risks associated with price volatility in the energy markets.
4. Asset Management:
- The company may also engage in managing and optimizing their portfolio of assets, which includes evaluating new acquisitions and divesting non-core assets to heighten overall operational efficiency and returns.
5. Midstream Services:
- Although primarily focused on exploration and production, Riviera may also have involvement in midstream services, which include the transportation and storage of hydrocarbons. This segment is critical for ensuring that products reach markets in a timely and efficient manner.
Products and Services:
1. Natural Gas:
- Riviera Resources produces various grades and forms of natural gas, including dry gas, which is primarily methane, and natural gas liquids (NGLs) which are valuable byproducts extracted from natural gas processing.
2. Crude Oil:
- The company also produces crude oil, which may come from both onshore and offshore drilling operations. Rivieras crude oil production is crucial for markets needing liquid fuels.
3. Drilling Services:
- Riviera typically employs advanced drilling techniques and technologies, which might include horizontal drilling and hydraulic fracturing (fracking) to maximize the extraction of oil and gas from difficult geological formations.
4. Production Optimization:
- The company may implement enhanced oil recovery (EOR) techniques designed to boost production from existing wells, leveraging technology and engineering to improve extraction rates.
5. Environmental Services:
- Given the increasing focus on sustainability and environmental safety, Riviera may offer services related to environmental compliance, impact assessments, and corrective measures to minimize ecological footprints.
6. Consultation and Expertise:
- The company often harnesses its extensive industry knowledge to provide consultancy services, supporting other entities in operational efficiency, risk management, and market analysis related to oil and gas assets.
Investment and Development:
- Riviera is likely actively involved in developing new fields and investing in infrastructure developments as part of their growth strategy. This includes partnerships and joint ventures to enhance resource accessibility and operational capabilities.
Summary:
Riviera Resources Inc. is a multifaceted entity in the oil and gas sector, with a considerable focus on both natural gas and crude oil production. The company’s operations span exploration and production to asset management, and its service offerings reflect its commitment to efficiency, sustainability, and innovation in a competitive energy landscape. The companys capabilities in technology-driven extraction methods, optimizing both oil and gas production, alongside its potential midstream operations and consultation services, position it as a significant player in the North American energy market.