Crestone Peak Resources Joins The Environmental Partnership

Partnership comprised of more than 85 energy companies committed to responsible oil and gas development and environmental stewardship

Crestone Peak Resources, a leading producer of oil and natural gas in the Denver-Julesburg Basin, has joined the American Petroleum Institute’s Environmental Partnership, a group of energy companies committed to continuously improving the industry’s environmental performance.

The Environmental Partnership is comprised of more than 85 U.S. oil and natural gas companies committed to three things: taking action in operations by adopting programs aimed at reducing emissions; continuous learning about the latest industry innovations and best practices for reducing their footprints and producing energy responsibly; and creating a platform for collaboration and idea sharing.  

“Crestone is committed to producing affordable, reliable energy that powers the 21st Century American economy, safely and responsibly and our team consistently goes above and beyond to protect the environment, public health and quality of life,” said Tony Buchanon, president and CEO of Crestone Peak Resources. “Joining The Environmental Partnership provides us with the opportunity to work collaboratively with and learn from other companies on the best ways to produce energy, advancing the innovation and success of our industry in Colorado and beyond.”

Protecting public health and the environment is a high priority for Crestone and the company has been a leader in adopting technologies and practices that go beyond what’s required. Notable practices include:

  • Real-time, continuous air quality monitoring: In 2020, Crestone became the first energy company in Colorado to adopt a continuous, real-time air quality monitoring system for the vast majority of its Colorado production locations. For more information on the pilot program and technology from Project Canary, see the news release here.
  • New High-Performance Drilling Fluid: Crestone became the first Colorado energy producer to use an innovative synthetic drilling fluid that’s virtually odor-free, non-toxic and biodegradable. Learn more here.
  • The Hub: Crestone reduces truck traffic around oil and gas sites and eliminates the need for tanks on some well pads by using pipelines and central gathering facilities, like the ‘The Hub’, to remove and store oil on its way to market. The Hub was commissioned in 2017 and is used with well sites in Weld County.

Crestone also was recognized as a 2020 ‘Gold Leader’ in the Colorado Department of Public Health and Environment (CDPHE) Environmental Leadership Program for its efforts to be a responsible producer of affordable, reliable energy and an innovator in applying new technologies to reduce impacts from operations. For more information visit, crestonepeakresources.com/sustainability.

About Crestone Peak Resources
Crestone Peak Resources is an independent energy company focusing on the acquisition, exploration, development, and production of oil and gas reserves in the Rocky Mountain Region. Formed in 2016, Crestone’s team of nearly 200 professionals has significant operating experience, deep ties to communities in Colorado, and is committed to operating safely and responsibly. Crestone’s acreage is located in the Greater Wattenberg Field of Colorado’s Denver-Julesburg Basin. The company is headquartered in Denver and has offices in Firestone and Watkins. For more information, visit https://www.crestonepeakresources.com/.