Crown’s Executive Team
Crown Exploration currently employs dedicated full and part-time staff members, maintains ongoing relationships with three consulting engineers, and engages several contract field personnel.
The Executive Team consists of the following Directors:
Shawn M. Grisham
Shawn M. Grisham is President and Chairman of the Board of Directors of Crown Onshore Exploration, Inc., the general partner of Crown Exploration II, Ltd. Mr. Grisham grew up in the oil business and is a founder of Crown. He graduated from Texas Tech University in 1988 where he received a Bachelor of Business Administration in Finance. Mr. Grisham has received his Series 7, 63, and 39 licenses from FINRA. His vision and drive continues to carry Crown forward.
Shane B. Shanafelt
Chief Executive Officer
Shane B. Shanafelt is Chief Executive Officer and a Director of Crown Onshore Exploration, Inc., the general partner of Crown Exploration II, Ltd. Mr. Shanafelt is a founder of Crown and also grew up in a family engaged in the well servicing business. Mr. Shanafelt attended Texas Tech University, majoring in business. He has received his Series 22 and 63 licenses from FINRA. His experience in the field bridges the gap between Crown’s office and our numerous well sites.
Danice D. Grisham
Danice D. Grisham is Corporate Secretary and a Director of Crown Onshore Exploration, Inc., the general partner of Crown Exploration II, Ltd. Mrs. Grisham is also a founder of Crown. She graduated from Baylor University with a Bachelor of Arts degree in 1990 and took post graduate studies at the University of Texas at Arlington. Like Mr. Grisham and Mr. Shanafelt, she grew up in a family involved in the oil business. Her meticulous direction shapes the everyday internal operations of Crown.
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The Crown Niobrara #1 Joint Venture, Well #1H was spud on September 20th. Please see Field Reports/Weekly Activity for continued information.more
The Crown Shamrock #4 Joint Venture, Well #2H was spud on January 9th. Please see Field Reports/Weekly Activity for continued information.more
Hot off the press! Our 25th anniversary covers are a throwback look alike to our very first Joint Venture offered in January of 1997.2 March, 2022
Hot off the press! Our 25th anniversary covers are a throwback look alike to our very first Joint Venture offered in January of 1997.more
Good news from our Accounting Department! K-1’s have been mailed and are available to view online in your investor portal.2 March, 2022
Good news from our Accounting Department! K-1’s have been mailed and are available to view online in your investor portal.more
Our Operator has been performing workovers on the wells listed below. Many of the pumps were damaged and covered with scale, or had sand scars on the barrel. As a result of these workovers, all wells have seen an increase in production. Crown Cleveland #21 Joint Venture Crown Cleveland #27 Joint Venture Crown Cleveland #28 … Continue reading “From the Field”more
Crown Niobrara #1 Joint Venture The production decrease is due to low nighttime and high afternoon temperatures causing compressor issues: OIL CUT 33%. We have recovered 81,364± BW to date, which is approximately 28% load recovery. When the compressor works at full efficiency, the total fluid increases as does oil production. Our Operator anticipates 400± … Continue reading “From the Field”more
The Crown Shamrock #3 Joint Venture, Well #1H was spud on August 18th. Please see Field Reports/Weekly Activity for continued information.more
July 11, 2008 – World Oil Price hits Historic High The price of oil reached a record high of $147.27 a barrel before dropping back to $145.08. Prices on the New York Mercantile Exchange had peaked at $145.29 a barrel eight days earlier. As supply fears subsided, oil prices fell below $37 a barrel by … Continue reading “This Week in Oil & Gas History”more
January 12, 1926 – Texans patent Ram-Type Blowout Preventer Seeking to end dangerous and wasteful oil gushers, James Abercrombie and Harry Cameron received a patent for a hydraulic ram-type blowout preventer. Petroleum companies embraced the new technology, which the inventors improved in the 1930s. Their concept used rams — hydrostatic pistons — to close on the … Continue reading “This Week in Oil & Gas History”more
December 17, 1884 – Fighting Oilfield Fires with Cannons “Oil fires, like battles, are fought by artillery” proclaimed an article in The Tech, a student newspaper of the Massachusetts Institute of Technology. “A Thunder-Storm in the Oil Country” featured the reporter’s firsthand account of the problem of lightning strikes in America’s oilfields. The MIT article … Continue reading “This Week in Oil & Gas History”more