Crimson Exploration Company News

Recent Articles

Results 26 articles shown

Contango, Crimson Exploration Pen Merger Agreement
Contango and Crimson Exploration jointly announce that they have signed a merger agreement for an all-stock transaction pursuant to which Crimson would become a wholly owned subsidiary of Contango.
8:00 PM EST | April 29, 2013
Crimson Hits Oil Pay at Woodbine Well
Crimson Exploration announces successful completion of the Payne #1H (92.1% WI), its sixth horizontal well targeting the Woodbine formation.
8:00 PM EST | July 30, 2012
Crimson Completes HZ Texas Well
Crimson Exploration Inc. announced the successful completion of the Mosley #1H (84.3 percent WI), its first horizontal Woodbine oil well in Madison County, Texas.
8:00 PM EST | March 28, 2012
Crimson Starts Drilling Ops at Tx. Wells
Crimson Exploration announced the commencement of drilling operations at its Texas wells.
7:00 PM EST | January 03, 2012
Initial Production Begins from 2 Crimson Eagle Ford Wells
Crimson Exploration announces the successful completion and initial production on the Littlepage McBride #5H and #6H wells in Karnes County, TX.
7:00 PM EST | December 20, 2011
Crimson Begins Production at Tx. Well
Crimson announced the successful completion and initial production on the Littlepage McBride #3H (53% WI) and #4H (53% WI) wells in Karnes County, TX and provided drilling updates for operations in Dimmit and Liberty Counties, TX.
7:00 PM EST | November 29, 2011
U.S. Energy Enters Second Eagle Ford Agreement
U.S. Energy Corp. has entered into a second participation agreement with Crimson Exploration Inc. to acquire an interest in an Eagle Ford oil prospect and associated leases located in Zavala and Dimmit Counties, Texas.
8:00 PM EST | June 29, 2011
Crimson Fires Up Production at Eagle Ford Play
Crimson announced the successful completion of the Littlepage McBride #1 (53.0% WI), commencing production in the first week of April.
8:00 PM EST | April 10, 2011
Crimson Exploration Ramps 2010 Proven Reserves by 71%
Crimson Exploration reported that its proven reserves at December 31, 2010 were 166.5 Bcfe, a 71% increase over year-end 2009 proven reserves, and a reserve replacement rate of 634% of 2010 production.
7:00 PM EST | March 01, 2011
U.S. Energy, Crimson Exploration Enter Eagle Ford Agreement
U.S. Energy has entered into a participation agreement with Crimson to acquire a 30% working interest in an oil prospect and associated leases located in Zavala County, Texas.
7:00 PM EST | February 21, 2011
Crimson Exploration Completes Second Lien Term Facility
Crimson Exploration has entered into a new Second Lien Credit Agreement providing for a 5-year second lien term loan in the principal amount of $175MM.
7:00 PM EST | December 26, 2010
Tx. Well Barrels Out 6.9 MMcfpd of Natural Gas
Crimson Exploration announced the recent completion of the Catherine Henderson A-8 well (66% WI) in Liberty County, TX. The well is producing at a gross rate of 6.9 million cubic feet of natural gas per day.
8:00 PM EST | October 05, 2010
Crimson Exploration Updates on Tx. Ops
Crimson Exploration provided drilling updates on projects located in its East Texas and Southeast Texas areas of operations.
8:00 PM EST | June 24, 2010
Crimson Exploration Redetermines Borrowing Base
Crimson Exploration announced the borrowing base under its senior secured revolving credit facility was redetermined by its bank group at $100 million.
8:00 PM EST | June 09, 2010
Crimson Exploration Adds to Management Team
Crimson Exploration announced that Mr. Carl Isaac has accepted the position of Senior Vice President of Operations.
8:00 PM EST | May 23, 2010
Crimson Exploration Posts 1Q10 Results
Crimson Exploration announced financial and operational results for the first quarter of 2010.
8:00 PM EST | May 11, 2010
Crimson Exploration Exits '09 with $112MM
Crimson Exploration announced financial results for the fourth quarter and full year 2009.
8:00 PM EST | March 16, 2010
Crimson Secures Rig Contracts for 2010 Drilling Program
Crimson Exploration has signed drilling contracts for two rigs to be used for part of its 2010 capital program.
7:00 PM EST | January 21, 2010
Devon Claims Highest Rate Haynesville Shale Well
"With a flow rate of more than 30 million cubic feet per day, we believe the Kardell well is the highest rate well ever drilled in the Haynesville Shale," said David A. Hager, Devon's executive vice president of exploration and production.
7:00 PM EST | November 01, 2009
Crimson Exploration Unveils Q4, Year-End 2008 Financial Results
The Company reported a profit before income taxes for the fourth quarter of 2008 of $32.4 million compared to a loss before income taxes of $15.2 million for the fourth quarter of 2007.
8:00 PM EST | March 26, 2009
Crimson's South Texas, Gulf Coast Assets Increase Production
Crimson Exploration announced results of production and drilling activity for the fourth quarter of 2008 and year-end 2008 reserves.
7:00 PM EST | February 22, 2009
Crimson's Production Assets Sustain Minimal Damage from Ike
Crimson announced that its preliminary assessment of physical damage from hurricanes Gustav and Ike on its south Louisiana and Texas gulf coast properties is complete and it appears that physical damage from the storms is minimal.
8:00 PM EST | September 25, 2008
Crimson Closes On Sale Of Barnett Shale Acreage
Crimson Exploration Inc. reported the closing and funding on the previously announced sale of its interests in wells and acreage in the Ft. Worth Barnett Shale play in Johnson and Tarrant counties, Texas.
8:00 PM EST | March 31, 2008
Crimson Exploration Starts Production from the Fuhlberg #1 Well
Crimson has started production from the Fuhlberg #1 well in Madisonville-Rodessa and will continue at a curtailed rate until the expansion of the sour gas processing plant is completed.
8:00 PM EST | July 15, 2007
Crimson Gets Green Light for Madisonville-Rodessa Project
Crimson Exploration Inc. announced Friday that it has received the final regulatory approval needed to commence drilling its development project in the Rodessa formation in Madison County, Texas.
8:00 PM EST | August 10, 2006
Crimson Exploration Effects of Hurricane Rita Minimal
Crimson Exploration has preliminary assessments of physical damage from Hurricane Rita on its south Louisiana and Texas gulf coast properties appears to be minimal.
8:00 PM EST | September 27, 2005