Crimson’s use of the latest industry technology, its implementation of industry best practices, and its outsourcing efficiency provides flexibility and allows for a low-cost structure. The Company also seeks to minimize its operational footprint thereby reducing surface impact. The result is a predictable, low-risk growth strategy with a history of proven relationships and healthy economics.
Crimson is headquartered in Fort Worth, Texas while accumulating extensive operational experience in numerous geologic regions, especially in Texas and Oklahoma. The Company currently has a focus on the Western Eagle Ford in South Texas. Management has previously leased over 100,000 acres in South Texas and has drilled over 200 wells, both vertical and horizontal, deploying capital in excess of $185 million. We have been producing hydrocarbons in South Texas from the Eagle Ford, Austin Chalk, San Miguel, Olmos, Woodbine, and Buda formations for over 20 years.