Crest/Guggenheim Mezzanine Funding, Oklahoma and Texas
In 2010, Crest formed a venture with mezzanine funding from Guggenheim Partners, LLC. to pursue several Crest properties chiefly in the Texas Panhandle and Southern Oklahoma.
Crest Resources is a private independent oil and gas company based in Tulsa, Oklahoma engaged in the acquisition, operation, and exploitation of oil and gas assets in the Powder River Basin, Mid-Continent, and South Texas regions.
Crest/BP Joint Venture, Hemphill and Roberts Counties, Texas
Crest formed a four-prospect joint venture with British Petroleum (“BP”) on assets in the Texas Panhandle that BP acquired through the Amoco merger.