In March 2020, Crestone acquired 97,000 net acres of leasehold in and around Adams and Arapahoe Counites. More information can be found in this news release. Crestone was also assigned the operator agreement already in place with the City of Aurora, which it will operate fully within.
In July 2021, Crestone Peak Resources submitted the Box Elder Comprehensive Area Plan (CAP) to the Colorado Oil and Gas Conservation Commission (COGCC) for consideration. A CAP is a voluntary, operator-initiated planning tool that allows Crestone to take a holistic, collaborative approach to oil and gas development.
This CAP outlines future oil and gas activities in the southern, mostly undeveloped portion of the City of Aurora located north of Quincy Avenue and east of E-470. Crestone has worked in close coordination with the City of Aurora on siting for the well sites in this project over the past two years. This is a reflection of working within the existing operator agreement Crestone has with the City.
Further details about the Boxer Elder CAP, next steps in the permitting process, and Crestone’s stewardship of the environment, public health, and quality of life for all Coloradans can be found on the Digital Information Portal.