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WHO WE ARE
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 Resources, Inc. was founded by Glenn H. Hudgens in January 1987 in Oklahoma City, Oklahoma, and moved to Tulsa, Oklahoma in 1989. The Company’s management team has over 150 combined years of experience in the oil and gas industry, including substantial experience in developing and operating oil and gas properties and executing acquisitions and divestitures.
Crest has proven to substantially reduce risk by focusing on projects where the Company’s engineering studies correspond with its geologic study, in areas where its geologic staff are “local experts”.
Since 1987, Crest has raised capital to develop the Company’s projects from Mezzanine lenders, private investors, wealthy individuals, and industry partners that continue to participate in Crest’s projects.
At Crest Resources we concentrate exclusively on the generation and acquisition of drilling prospects in the Powder River Basin, the Mid-Continent, and South Texas regions for the Company’s development drilling purposes.
We primarily focus on low-risk development prospects with high return potential that typically possess multiple additional drilling opportunities when successful.
At Crest Resources we do our homework. Crest’s Geologic and Engineering teams do their homework in areas where they are local experts. We make sure we don’t figure out later that we should have considered a piece of data. Extensive study of ALL available data happens before we acquire ownership.
The Crest Team believes in using the best possible Exploration and Operational techniques. We don’t conduct business “the way we’ve always done it”.
Our most treasured asset. We treat clients and investors the way we want to be treated and we do what we say we are going to do.