USA dividend pay model . To do this , Rock would need to hit its 10,000 barrel per day target , among other things .
“ We ’ d need to also have a corporate decline rate that ’ s less than 20 % and make sure the management team at that point is focused on cost control ,” Bey said .
To get there , Rock is developing its team to be ready to tackle any future challenges the company may face .
“ They have to recognize it ’ s a risky business ,” Bey admits . “ They have to have a fairly decent risk aptitude . In helping to train them , there ’ s still a few of us old guys still here , and we ’ re trying to mentor them to take our positions . We ’ re trying to build the next generation .”
Still , working toward the future at Rock is a daily process that starts with making sure its assets are in line with its philosophies .
“ We want to be able to get a very predictable production base and low decline rate , so we ’ re making sure the assets we build are like foundation stones for the company ,” Bey said . “ What we can do every day is make sure we make the right decisions , build the right kind of assets , and have the right foundation stones in this company so that people will always want to own it and we can continue to grow or roll it all into the next thing .”
Company Information
Industry
Oil & Gas
headquarters
Alberta , Canada
employees
30
revenue
$ 82 Million
www . rockenergy . ca 87