Federal agents raid Colorado drilling office with wells in Oklahoma and Texas

Newsok ^ | 7//31/13 | ASSOCIATED PRESS

[Nachum]

BASALT, Colo. — Federal agents with the FBI, IRS and Bureau of Land Management have served a search warrant at the offices of Crystal River Oil and Gas in Basalt.

IRS special agent Karen Gurgel said the action on Tuesday is part of a criminal investigation, but she did not elaborate.

Crystal River Oil and Gas operates 300 oil-and-gas producing wells in six states, with a focus on Texas and Oklahoma. It also has offices in California.

[DoughtyOne]

Can't help but wonder what's driving this.  Seriously...

Is this company about to be Keystoned?


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[Tupelo]

I suspect this raid has a lot to do with the news that the the OPECers are starting to worry about the US becoming energy self sufficient.
There is nothing I trust about the Federals.

[EQAndyBuzz]

Hmmm... And in other headlines, Harry Reid is helping Warren Buffet obtain an utility management company in Nevada.

Nothing to see here.

[Uncle Chip]

Keystone Cops —

[DanielRedfoot]

Did they smash in with flash bang grenades dressed like jack-booted Nazis pointing ARs in the receptionists face before beating everyone up?

Of coarse after shooting the Lot dog and pouring out the gold fish

SOP ya know...

[Army Air Corps]

Ping.

[morphing libertarian]

Someone must have sent an e-mail or made a phone call mentioning the following words, Paul, Cruz, etc.

[thackney]

A little company that focuses on old, mostly depleted fields. Most of their web site is a beg for investments with them.

OPEC wouldn’t notice this company if they raised their production a hundred fold.

[catnipman]

Simply another action by one of Obama’s latter-day Gestapos.

[widdle_wabbit]

Crystal River Oil & Gas, LLC is focused on the redevelopment and enhanced recovery of mature fields in order to discover the energy that the world depends on to function in today’s society. Having been in business for over 24 years, with offices in Basalt, Colorado and Cardiff, California, Crystal River has become known as a dynamic exploration and development company
Crystal River was formed in 1995 as a successor to KC Resources, Inc., which was founded in 1986. Both companies are successful operators in 6 states. From 1986 to 1992, KC was focused on acquisitions due to oil prices of $15 to $20 per barrel. During this period, over 250 wells were purchased. In 1998 the company
and its partners purchased the Monte Christo gas field for $21 million. One and a half years later, the field
was sold for an $8.5 million profit. This launched the company to a new level of success, and enabled it to
buy 300+ well interests in Western Oklahoma, which is the core of its current assets.
Over the last 10 years, Crystal River has grown through drilling and re-completing wells that were purchased at low prices.CROG owns large acreage blocks, which allows us to pick and choose only the best prospects in which to participate. Note: CROG owns interests in over 500 wells and 30,000 net acres of proven producing wells. 60% to 80% of this acreage has proven drilling locations and behind pipe zones. Most of these are located in the prolific Deep Anadarko, Permian and Sacramento oil & gas basins.
Specialties
Oil, Natural gas

http://www.linkedin.com/company/crystal-river-oil-and-gas

“redevelopment and enhanced recovery of mature fields “

Is this about Republicans Fracking?