Oil & Gas Operations
Kentucky River Properties subsidiary, KRCC Oil and Gas, LLC, is housed and operates from the Hazard office. Oil and gas development is generally from the Big Lime and Devonian Shale formations with many wells producing consistently for more than 10 years. KRCC Oil and Gas leases our reserves, or participates in joint ventures with the many different drilling companies operating in this field. Our income is derived on a royalty basis for these operations, or as a percent ownership in the joint venture.