Crown News & Announcements
A crown is the symbol of a ruler. It signifies not only leadership and prosperity, but integrity and vision. Our crown signifies our conduct, our ideals, and our ambition.
April 2022.
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± BO per day when at full compressor efficiency. Production should continue to increase as oil cut increases and more frack load is recovered.
Average peak recovery usually occurs at the end of month 5.
The well has produced for approximately 3½ months and flowed naturally the first 2 months.
April 2022.
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 Joint Venture
Crown Cleveland #29 Joint Venture
Crown Cleveland #30 Joint Venture
When a rig becomes available, we also plan to do a workover on the Crown Scurry #1 Joint Venture.
March 2022
Good news from our Accounting Department! K-1’s have been mailed and are available to view online in your investor portal.
February 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.
Flyover the Crown Shamrock #4 - Drilling
January 2022
The Crown Shamrock #4 Joint Venture, Well #2H was spud on January 9th. Please see Field Reports/Weekly Activity for continued information.
September 2021
The Crown Niobrara #1 Joint Venture, Well #1H was spud on September 20th. Please see Field Reports/Weekly Activity for continued information.
Flyover the Crown Shamrock #3 - Drilling
August 2021
The Crown Shamrock #3 Joint Venture, Well #1H was spud on August 18th. Please see Field Reports/Weekly Activity for continued information.
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 January 2009.
Shamrock JV #2 - Completion Flyover
Shamrock JV #2 - Drone Drilling Rig Flyover
April 2021 - Shamrock JV #2 - Location Flyover
January 2021 - Cleveland JV #30 Drone Drilling Rig Video
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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 drill stem and form a seal against the well pressure. Abercrombie had taken his idea for the ram-type preventer to Cameron’s machine shop in Humble, Texas, where the two men sketched out details on the sawdust floor.