Carbon Energy Corp (CRBO)
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Carbon Energy Corp Profile
| Oil, Gas & Consumable Fuels Industry | Energy Sector | Patrick R. McDonald CEO | OTCQB Exchange | 14110Q209 CUSIP |
| US Country | 215 Employees | - Last Dividend | 5 Jan 2021 Last Split | - IPO Date |
Overview
Carbon Energy Corporation, initially known as Carbon Natural Gas Company before its name change in June 2018, is an independent energy company established in 2007. Based in Denver, Colorado, the organization primarily focuses on the acquisition, exploration, development, and production of oil, natural gas, and natural gas liquids across the United States. Carbon Energy has strategically positioned itself in significant energy-producing basins, including the Appalachian, Illinois, and Ventura Basins. The company has a diverse portfolio, holding working and royalty interests in multiple wells spread across various states such as California, Illinois, Indiana, Kentucky, Ohio, Tennessee, Virginia, and West Virginia, in addition to possessing substantial leasehold positions.
Products and Services
Carbon Energy Corporation provides a range of products and services centered on the energy sector, focusing on oil and natural gas. Each product and service caters to different aspects of energy production and management.
- Oil and Natural Gas Exploration
- Development and Production
- Leasehold Interests
- Working and Royalty Interests
This core service involves the search for oil and natural gas reservoirs across the United States. Carbon Energy employs cutting-edge technology and methodologies to identify promising exploration sites, especially focusing on conventional and unconventional reservoirs such as shale, tight sand, and coalbed methane.
Following successful exploration, Carbon Energy undertakes the development and production of oil, natural gas, and natural gas liquids. The company utilizes advanced drilling and production technologies to maximize recovery and efficiency in extracting resources from both conventional and unconventional plays.
Carbon Energy actively acquires leasehold interests in strategic locations across the Appalachian, Illinois, and Ventura Basins, among others. This approach enables the company to secure prime spots for exploration and production, ensuring access to valuable resources in prolific oil and natural gas regions.
The company also owns working interests and royalty interests in wells across several key states like California, Illinois, Indiana, Kentucky, Ohio, Tennessee, Virginia, and West Virginia. This diversified portfolio of interests underscores Carbon Energy's commitment to being a leading player in the U.S. energy market.
