Crawley Petroleum Corporation is a privately-held oil and gas exploration and production company that was formed in 1972. Crawley currently operates more than 600 properties in Oklahoma and Texas and has an economic interest in over 1,600 properties operated by others. Crawley’s success is due in large part to its skilled and dedicated employees.
Over the years Crawley has steadily, but conservatively grown by both acquisition of producing properties and development of drilling projects while maintaining a healthy financial condition. By following this approach to the oil and gas industry, Crawley has not only survived but flourished during lean times.
In 1980, Crawley purchased a group of properties that included 34 operated wells. After this acquisition, Crawley was cautious and grew slowly mainly through drilling and development of its existing properties. When the industry faced difficult times in the mid-1980’s, the Company was in healthy financial condition and ready to take advantage of the market for producing properties.
Throughout the 1980’s and 1990’s, Crawley continued to grow through acquisitions. In many cases, Crawley was able to improve production while reducing expenses on those same properties. This ability to improve profitability on acquired properties has become a hallmark of Crawley’s success.
Many of the properties acquired from 1972 through the early 2000’s have become core STACK, SCOOP, Merge, and deeper Anadarko basin acreage plays today. In total, Crawley holds over 100,000 acres, largely in Western Oklahoma. Most of that acreage is held by production from those early acquisitions. As product and acquisition prices increased, Crawley shifted its focus to drilling and development. The Company began to drill horizontal opportunities in some of the most core areas of the STACK. In addition, the Company has participated in hundreds of wells drilled by others over the last several years.
Crawley is committed to safety, operational excellence, and the highest ethical standards. Drawing upon its rich history, Crawley is also committed to continued growth, premier operations, and an opportunistic, counter-cyclical approach.