Company Overview: CREDO Petroleum
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CREDO Petroleum Corporation explores for, purchases, develops, produces and sells crude oil and natural gas. CREDO and its wholly owned subsidiaries, United Oil Corporation and SECO Energy Corporation, operate in eight states located in the Mid-Continent and Rocky Mountain Regions of the United States. CREDO owns working and royalty interests in 361 wells, and acts as "operator" of 77 wells located mostly in Oklahoma. The company holds over 223,000 gross acres of undeveloped oil and gas leases in its prospect inventory. CREDO also owns an exclusive license to newly patented fluid lift technology which, when compared to conventional fluid lift technology, enhances recovery of reserves from many low pressure gas wells. The technology is known as Calliope Production SystemsTM.Quick Facts
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