The Beginning
The oil boom of '78 to '82 was long over. Oil prices had fallen to eight dollars per barrel in 1986. The industry had collapsed. Russell Oxsen had lost his job as a consulting geologist and, with a growing family to support, had begun selling deals as an independent petroleum geologist. Frustrated with mishandled drilling & completion operations, Mr. Oxsen decided to drill and operate his own prospects.
The year was 1989.
ROX Exploration, Inc was born.
Today, ROX Exploration drills and operates oil and gas properties across the state of Oklahoma. Russell Oxsen's leadership and expertise in geology has directly caused the drilling of ninety-three wells in his career, with sixty-nine wells being productive of oil and/or gas, yielding Mr. Oxsen a seventy-four percent success rate. The West Verden Field is Mr. Oxsen's most successful geological prospect and has produced in excess of three-point-one million barrels of oil. A family-owned, independent company focused on exploration, development, and production of oil and natural gas assets, ROX Exploration is based in the Oxsen family's hometown of Norman, OK.