Crystal River Oil and Gas
Oil & Energy - Snowmass Village, Colorado, United States
Crystal River Oil and Gas Employees
Crystal River Oil and Gas Details
Crystal River Oil & Gas, LLC is focused on the redevelopment and enhanced recovery of mature fields in order to discover the energy that the world depends on to function in today's society. Having been in business for over 24 years, with offices in Basalt, Colorado and Cardiff, California, Crystal River has become known as a dynamic exploration and development companyCrystal River was formed in 1995 as a successor to KC Resources, Inc., which was founded in 1986. Both companies are successful operators in 6 states. From 1986 to 1992, KC was focused on acquisitions due to oil prices of $15 to $20 per barrel. During this period, over 250 wells were purchased. In 1998 the companyand its partners purchased the Monte Christo gas field for $21 million. One and a half years later, the fieldwas sold for an $8.5 million profit. This launched the company to a new level of success, and enabled it tobuy 300+ well interests in Western Oklahoma, which is the core of its current assets.Over the last 10 years, Crystal River has grown through drilling and re-completing wells that were purchased at low prices.CROG owns large acreage blocks, which allows us to pick and choose only the best prospects in which to participate. Note: CROG owns interests in over 500 wells and 30,000 net acres of proven producing wells. 60% to 80% of this acreage has proven drilling locations and behind pipe zones. Most of these are located in the prolific Deep Anadarko, Permian and Sacramento oil & gas basins.
