If Crestone Peak Resources is allowed by state regulators to drill oil and gas wells near U.S. 287 and Colorado 52 in eastern Boulder County, the company said its exploration in the area could be entirely complete.
Through a state process called the Comprehensive Drilling Plan, the Denver-based company has submitted several versions of a plan focused on draining as many hydrocarbons as possible, spokesman Jason Oates.
“This will develop 100 percent of what we own,” he said Thursday.
Of about 6,400 acres within the area’s boundaries, Crestone has mineral interests under about 3,500 acres.
Interest lies in another 1,600 acres outside the plan’s boundaries, but Oates said Crestone would forfeit its control. “Those aren’t our focus and we don’t have intentions developing those as Crestone.”
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