1998

Reserve Oil and Gas, Inc. is incorporated. Capitalized and founded by the transfer of Reserve's Principal Officers' previous oil and gas investments in Appalachian Basin wells drilled since 1975.

Completed first drill-deeper (deepening of depleted shallow wells) project in Calhoun County, West Virginia.

1999

Established Land Department and acquired properties suitable for natural gas development.

2000

Reserve's Consulting Geologist reviewed inventory of available oil & gas drilling prospects.

Focused on increasing acreage position in low risk, proven areas.

2001

Reserve's sister company, CSi, acquired an additional rotary drilling rig to be used exclusively on Reserve drilling projects

Fall 2001, drilled three (3) new Devonian Shale wells in Roane County, West Virginia.

2002

Reserve increased its internal capital investments in Reserve Drilling Programs to a minimum of 20%.

Drilled six (6) new Devonian Shale wells, double the number of the previous year.

Nearly doubled acreage position by negotiating farm-out arrangements with regional, well established producers.

2003

Doubled the number of wells drilled from the previous year to fifteen (15) wells and invested a large portion of the total required capital.

Acquired sizeable farm-out acreage (2,200 acres) from an independent producer in Clay County, West Virginia.

Participated and invested internal capital in eleven (11) additional wells drilled and operated by third party production companies.

2004

Drilled twelve (12) Devonian shale wells

Internally funded 29.5% of the total required capital

Participated in the development of seven (7) additional wells drilled and operated by third party production companies

2005

Reserve's sister company, CSi, purchased and placed 2005 Dickirson D550 Double Derrick drilling rig (Rig #2) into service

Drilled seventeen (17) Devonian shale wells

Internally funded 36.5% of the total required capital

Participated in the development of one additional well drilled and operated by a third party production company

Participated with another production company to jointly construct and activate the Pine Grove Gas Gathering Pipeline System

Constructed and activated Reserve's Barren Creek Gas Gathering Pipeline System

2006

Drilled and completed twenty four (24) Devonian shale wells with a 100% success rate

Constructed and activated four (4) gas gathering systems (Beech, Pigeon, Pine Grove and Dog Creek)

Internally funded 39% of the required drilling capital

2007

Drilled and completed eighteen (18) new Devonian Shale wells with a 100% success rate

Drill initial Eden Field well (Lane #3)

Constructed and activated Reserve’s Patton Pipeline Gathering System

Internally funded 23% of the required drilling capital

2008

Drilled and completed twenty two (22) devonian shale wells with 100% success rate

Initiated Reserve’s ‘Clean Sweep’ Drilling Initiatve

Constructed and Activated two (2) new pipeline gathering systems (Eden West and Frame)

Significantly increased acreage position in targeted areas

Invested in Land Departments GIS Mapping and leasing capabilities

Increased Reserve’s inventory of drilling prospects

Internally provided over 32%of the required drilling capital

2009

Anticipate drilling and completing twenty (20) new wells

Initiate Reserve’s ‘Parrallel’ Drilling Initiative

Drill and complete initial well inside the city limits of Charleston, WV

Internally provide ~40% of the required drilling capital