Crestone Peak Resources - Denver, Colorado

Introduction to Crestone Peak Resources

For those seeking information on a prominent oil & natural gas company, Crestone Peak Resources presents a compelling case study. Located at 1801 California St UNIT 2500, Denver, CO 80202, United States, this organization has carved a significant niche within the energy sector. Crestone Peak Resources specializes in the exploration, development, and production of unconventional oil and natural gas resources, primarily focused on the Delaware Basin in West Texas and New Mexico. The company’s strategic location within the prolific Delaware Basin allows it to leverage existing infrastructure and access abundant reserves.

Company Overview and Specialties

Crestone Peak Resources operates under a streamlined organizational structure, prioritizing efficiency and agility. Their core expertise lies in utilizing advanced technologies, particularly hydraulic fracturing (fracking) and horizontal drilling, to unlock the potential of shale formations. The company’s specialties are firmly rooted in unconventional resource development, making them a key player in the ongoing evolution of the energy landscape. They focus heavily on operational excellence, aiming to maximize production while maintaining a commitment to safety and environmental stewardship. A key differentiator is their focus on optimizing existing assets and strategically pursuing acquisitions that complement their core portfolio.

Location and Infrastructure

The company’s primary operational area is centered around the Delaware Basin, a vast geological formation spanning West Texas and southeastern New Mexico. This region is renowned for its substantial shale oil and natural gas reserves. Crestone Peak Resources benefits from the region’s established infrastructure, including pipelines, processing facilities, and transportation networks. This reduces capital expenditure requirements and facilitates efficient distribution of produced resources. Specific locations within the Delaware Basin include Eddy and Lea Counties in New Mexico, and Culberson, Hudspeth, and Reeves Counties in Texas. The proximity to major transportation corridors significantly enhances their logistical capabilities.

Key Operational Strategies

• Hydraulic Fracturing: Crestone Peak utilizes sophisticated hydraulic fracturing techniques to stimulate production from shale formations.
• Horizontal Drilling: Horizontal drilling maximizes contact with the targeted reservoir, significantly boosting hydrocarbon recovery.
• Asset Optimization: A core strategy involves continually improving the performance of existing wells and facilities.
• Strategic Acquisitions: The company actively seeks opportunities to acquire assets that strengthen their position within the Delaware Basin.
• Technology Integration: Crestone Peak consistently invests in and integrates cutting-edge technologies to enhance operational efficiency.

Recent Developments and Performance

Crestone Peak Resources has demonstrated a consistent track record of production growth, driven by successful well development and operational improvements. Recent developments include expanding their drilling program and investing in enhanced oil recovery (EOR) techniques. The company’s financial performance is closely tied to commodity prices, but they have historically maintained a strong balance sheet and demonstrated resilience during periods of market volatility. They are continually evaluating opportunities to reduce costs and improve profitability.

Customer Reviews and Reputation

Currently, Crestone Peak Resources has 9 reviews on Google My Business, offering a snapshot of public perception. The average opinion is 3.2 out of 5 stars. While the average score reflects mixed feedback, the reviews highlight both positive aspects, such as operational efficiency and responsiveness, and areas for improvement, including customer service and communication. It’s important to note that these reviews represent a limited sample and should be considered alongside other sources of information. A more comprehensive assessment would require analyzing a larger dataset of customer feedback.

Contact Information and Resources

For further information, prospective investors, or media inquiries, Crestone Peak Resources can be contacted through their website: crestonepeakresources.com. While direct phone contact information isn’t readily available online, the website provides comprehensive details about the company’s operations, financial performance, and strategic initiatives. The company’s website serves as a central hub for accessing crucial company information.