Crimson Exploration Inc. Email Format

Oil & EnergyTexas, United States51-200 Employees

Crimson Exploration Inc. is an oil and gas company focused on exploiting, exploring, developing, and acquiring crude oil and natural gas in onshore United States. Its asset base includes operating properties in Texas, Louisiana, Colorado, and Mississippi, with acreage in the Woodbine formation in Southeast Texas, the Eagle Ford Shale and Buda formation in South Texas, the Haynesville Shale, Mid-Bossier and James Lime plays in East Texas, and the Denver-Julesburg Basin in Colorado. The business model centers on expanding reserves and bringing more production online for energy markets. The company is headquartered in Houston, Texas, and operates with a small to mid-sized workforce.

Its growth strategy calls for advancing the Haynesville acreage, further developing undeveloped reserves on existing properties, and pursuing acquisitions of additional producing reserves in the Gulf Coast region, alongside ongoing development of high-quality exploration prospects. As of December 31, 2012, Crimson Exploration reported proved reserves of about 6.2 million barrels of oil, 3.0 million barrels of NGLs, and 61.9 billion cubic feet of natural gas, with a PV-10 value of $340.1 million.

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