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.