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Crest/BP Joint Venture, Hemphill and Roberts Counties, Texas
Crest formed a four-prospect joint venture with British Petroleum (“BP”) on assets in the Texas Panhandle that BP acquired through the Amoco merger.
Crest/Guggenheim Mezzanine Funding, Oklahoma and Texas
In 2010, Crest formed a venture with mezzanine funding from Guggenheim Partners, LLC. to pursue several Crest properties chiefly in the Texas Panhandle and Southern Oklahoma.
Mills Ranch Granite Wash, Vertical Development, Wheeler County, Texas
Crest commenced drilling the Mills Ranch Granite Wash play in 1996. Production peaked at 10.5 MMcfed in December 2001.
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