Thursday, October 13, 2011 10:41:04 PM
Creston Resources Ltd. is an emerging oil and gas exploration and production company, which is concentrating on the development of its approximately 17,000 held by production (HBP) acres in the prolific Uintah basin of Utah. Creston, and its wholly owned subsidiary Homeland Gas & Oil, is currently ramping up production of high-quality oil. The company's strategy includes increasing production by reworking its lower production wells (which may include, in some cases, perforating new zones) and strategic drilling of new wells from among the offset and infield locations available on its acreage. Most locations are believed to offer multiple prospective pay zones, from moderately shallow to moderately deep.
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