1 December, 2021
The Crown Niobrara #1 Joint Venture, Well #1H was spud on September 20th. Please see Field Reports/Weekly Activity for continued information.
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12 January, 2022
The Crown Shamrock #4 Joint Venture, Well #2H was spud on January 9th. Please see Field Reports/Weekly Activity for continued information.
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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.
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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.
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13 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 … Continue reading “From the Field”
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14 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± … Continue reading “From the Field”
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1 December, 2021
The Crown Shamrock #3 Joint Venture, Well #1H was spud on August 18th. Please see Field Reports/Weekly Activity for continued information.
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8 July, 2021
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”
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14 January, 2021
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”
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16 December, 2020
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”
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7 October, 2020
Shamrock JV #1 – Drilling Rig Video
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