Ranken Energy Corporation was formed in June 1986, by Randolph L. Coy as a conservative oil and gas exploration and production company. The primary focus of the company was to develop and drill high quality, technically sound prospects.
This was accomplished as evidenced by 37 years as a successful, small, independent oil and gas company, but it is time to move on. To that end, we are getting out of operations but will remain active with numerous, premier, seismically defined, vertical well prospects in south central Oklahoma to offer operators.
Our History
The company has focused its exploration, development and acquisition efforts in the oil-rich Mid-Continent area of the United States. Ranken and our associates have vast experience in this geological province. The average experience of each associate is 40 years or greater.
We have concentrated our attention and efforts using our proprietary 3D seismic data in a four-county area of Central Oklahoma. Since 2001 we have drilled over 185 wells and we distributed in excess of $274 million net of severance taxes to our owners. With our recently acquired 3D seismic database of 324 square miles we have over numerous premier prospects yet to be drilled.
Randolph L. Coy
President
Randy Coy graduated from Wright State University with a degree in Geology. His first job in the oil industry was in Midland, Texas as a Computer on a GSI seismograph crew. Exxon hired him after his arrival in Midland, where he was cross-trained as a geophysicist and moved to Oklahoma City in that capacity in 1980. During his tenure with Exxon he also studied Oil and Gas Production Economics and Risk Analysis under R. K. Megill (noted authority and author of several texts on the subject). Randy has put that training to good use in the years since. He was recruited to Energy Reserves Group (ERG) in 1981 where he became Exploration Manager of the Oklahoma City office. When BHP acquired ERG he was retained as Mid-Continent Exploration Manager.
In 1986, BHP decided to abandon the mid-continent as an exploration province, Randy elected to start Ranken Energy in lieu of transferring to Houston. This decision also realized his desire to be in business for himself. In spite of the difficult market of the years since founding the company, Mr. Coy has managed to steadily increase the company’s reserves and enjoys a stellar reputation for honesty and fair play.
Karen Kuntz
General Manager
Karen has the most tenure of any of our staff members. At one time or another, she has handled each of Ranken’s daily office responsibilities. Those experiences prepared her to uniquely organize our office operations and implement numerous efficiencies to our operations as we grew.
As General Manager she oversees every aspect of office operations; a daunting task considering the number of wells we drill. (Up to 30 during some years.)