At Crestfirm Limited we sponsor oil and gas drilling investments designed to generate monthly cash flow and lower tax burdens for our partners. The typical Crestfirm Limited Partnership includes a group of new wells that are being drilled to fully develop an established, proven drilling unit.
Our business model allows Crestfirm Limited to invest directly with industry leading operators as a minority partner and leverage the experience, knowledge and buying power of a much larger company. Our current offering is a four-well, horizontal drilling project in a proven area in Blaine County, Oklahoma. All four wells will be drilled to a measured depth of over 25,000 feet and first production is expected by the fourth quarter of 2021.
The oil and gas industry is one of the largest sectors in the world in terms of dollar value, generating an estimated $5 trillion in global revenue as of 2022.1 Oil is crucial to the global economic framework, impacting everything from transportation to heating and electricity to industrial production and manufacturing.
Investors looking to enter the oil and gas industry can quickly be overwhelmed by the complex jargon and unique metrics used throughout the sector. This introduction is designed to help anyone understand the fundamentals of companies involved in the oil and gas sector by explaining key concepts and the standards of measurement.