Crown Exploration Co

Description

Crown Exploration is an independent oil and gas company located in North Texas. Since 1997, Crown has drilled more than 185 wells. Revenues from production to date total more than $279 million, with an additional $61 million in property sales. Through Texas Securities, Inc., a FINRA Licensed Broker Dealer, Crown-sponsored joint ventures are structured to provide significant tax benefits to Accredited Investors while drilling in proven, developmental areas. In the past, Crown has focused on the Barnett Shale and Bakken Shale.

Packer: A piece of downhole equipment that consists of a sealing device, a holding or setting device, and an inside passage for fluids. Primary Term: The initial period in an Oil and Gas and Mineral Lease to develop the property. Permeability: A measure of the ease with which a fluid such as water or oil moves through a rock when the pores are connected. Geologists express permeability in a unit named the darcy, but oilmen use the millidarcy because most of the rocks they come in contact with are not very permeable.

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