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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.

Mills Ranch Granite Wash, Vertical Development, Wheeler County, Texas

Crest commenced drilling the Mills Ranch Granite Wash play in 1996.  Production peaked at 10.5 MMcfed in December 2001.

Image by Donald Giannatti
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.

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