Crestone Peak Resources
- Company typePrivate
- Founded2016
- HeadquartersDenver, United States
- Headcount101–250
- GTM typeB2B
- OfferingServices
Crestone Peak Resources firmographics
Firmographics- Name
- Crestone Peak Resources
- Website
- https://crestonepeakresources.com
- Company type
- Private
- Founded year
- 2016
- Operating status
- Operating
- Headcount range
- 101–250 employees
- Ownership category
- akta.pro rank
Crestone Peak Resources industry classification
Industry- Product category
- Oil and Gas Exploration & Production
- NAICS
- Oil and Gas Extraction (2111), Crude Petroleum Extraction (21112)
- SIC
- Crude Petroleum & Natural Gas (1311), Drilling Oil & Gas Wells (1381)
- akta.pro primary industry
- Drilling & Well Construction (E&P Operator-led) (EUALAAAD)
- akta.pro secondary industries
- Completion Tools & Subsurface Equipment (Packers, Liners, Valves, Sand Control) (EUALABAD), Production Operations & Artificial Lift (Surface Facilities, Compression, Flow Assurance) (EUAAAAAK), Well Completions & Stimulation (Hydraulic Fracturing, Sand Control) (EUALAAAE)
Keywords
Where Crestone Peak Resources is headquartered
LocationHeadquarters
- HQ city
- Denver
- HQ country
- United States
- HQ region
- North America
Offices2 records
Markets served
Crestone Peak Resources business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Operations, Personnel, Infrastructure, Supply Chain
Revenue model
- Oil and Gas Production: Revenue generated from production and sale of oil and natural gas resources extracted from Colorado operations, specifically the DJ Basin region near Aurora Reservoir.
Distribution channels1 record
Crestone Peak Resources product offering
Product offeringCore offering
Crestone Peak Resources is an upstream oil and gas company that acquires, explores, develops, and produces crude oil and natural gas in Colorado's DJ Basin region. Its operations include multi-well drilling projects such as the 24-well State Sunlight/Long well pad near the Aurora Reservoir, utilizing quieter, cleaner electric drilling equipment to meet regulatory and community requirements.
Product overview
Crestone Peak Resources is an oil and gas exploration and production company. Following a January 2026 merger with Civitas Resources, Crestone Peak Resources became a subsidiary of SM Energy Company. The company operates oil and gas wells across Colorado, with operations including a 24-well drilling project at the State Sunlight/Long well pad near the Aurora Reservoir on the 26,500-acre Lowry Ranch. The company's core offering is oil and gas extraction and production services.
Differentiator
Problem solved
Functional benefit
Products and services
- Oil and Gas Drilling Operations Acquisition, exploration, development, drilling, and production of crude oil and natural gas from wells operated in the DJ Basin of Colorado, including the 24-well State Sunlight/Long well pad near Aurora Reservoir using electric drilling equipment. Customers are wholesale energy buyers, utilities, refineries, and energy trading companies.
Companies that use Crestone Peak Resources
Customer profileSegments1 record
Ideal customer profiles1 record
Crestone Peak Resources technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Crestone Peak Resources partnerships and signals
Strategic signalPartnerships
One partnership is on record.
- SM Energy CompanycoreCrestone Peak Resources is now a subsidiary of SM Energy Company following a merger with Civitas Resources effective January 30, 2026. The merger created a combined entity valued at $12.8 billion, integrating Crestone Peak's Colorado DJ Basin operations with SM Energy's existing portfolio.
Scale indicators2 records
Recent moves5 records
Expansion highlights4 records
Crestone Peak Resources competitors and assessment
Company assessmentDirect peers
- Civitas Resources: Civitas Resources was Crestone Peak Resources' direct parent company prior to the January 30, 2026 SM Energy merger. Both companies operate overlapping DJ Basin acreage in Colorado and share the same regulatory environment, customer base, and operating model.
- SM Energy Company: SM Energy is the current parent company of Crestone Peak Resources following the $12.8B merger with Civitas Resources. Both are upstream E&P operators with overlapping Rockies asset bases and similar customer and midstream relationships in the DJ Basin.
- Extraction Oil & Gas: Extraction Oil & Gas was a pure-play DJ Basin operator that merged with Bonanza Creek Energy to form Civitas Resources in 2021. It is directly comparable in basin focus, well design philosophy, and Colorado regulatory exposure.
- Bonanza Creek Energy: Bonanza Creek Energy was a DJ Basin-focused E&P operator that combined with Extraction Oil & Gas to form Civitas Resources. Its asset base, scale, and operating model closely mirror Crestone Peak's profile prior to that combination.
- PDC Energy: PDC Energy was a Denver-based, DJ Basin-focused upstream operator acquired by Chevron in 2023. It is directly comparable in geographic focus, well economics, and the same Colorado regulatory and community landscape.
- Noble Energy: Noble Energy was a significant DJ Basin operator prior to its acquisition by Chevron in 2020. Its Colorado asset base, midstream integration, and operating philosophy make it a closely comparable historical peer.
- SRC Energy: SRC Energy was a pure-play DJ Basin E&P operator prior to its acquisition by Crescent Energy in 2020. It is directly comparable in scale, basin focus, and the regulatory environment in which Crestone Peak operates.
- HighPoint Resources: HighPoint Resources was a DJ Basin-focused upstream operator that merged into Bonanza Creek in 2019. It is closely comparable in asset base, well design, and exposure to Colorado's regulatory regime.
Broad incumbents
- Ovintiv: Ovintiv (formerly Encana) is a large, multi-basin incumbent E&P with material DJ Basin production. It operates in the same Colorado environment as Crestone Peak and serves as a relevant scale and portfolio benchmark.
- Chevron Corporation: Chevron is a global supermajor that acquired both Noble Energy and PDC Energy, giving it a significant DJ Basin position. It represents the broader-incumbent competitive context in which Crestone Peak and SM Energy operate.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat3 records
Key risks6 records
Key highlights6 records
Customer concentration
Crestone Peak Resources social profiles
Digital presenceCrestone Peak Resources financial estimates
Financial estimateRevenue estimate
Valuation estimate
Crestone Peak Resources leadership team
Management profileNumber of profiles
Profiles2 records
Crestone Peak Resources funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Crestone Peak Resources M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Crestone Peak Resources
What does Crestone Peak Resources do?
Crestone Peak Resources is an upstream oil and gas company that acquires, explores, develops, and produces crude oil and natural gas in Colorado's DJ Basin region. Its operations include multi-well drilling projects such as the 24-well State Sunlight/Long well pad near the Aurora Reservoir, utilizing quieter, cleaner electric drilling equipment to meet regulatory and community requirements.
When was Crestone Peak Resources founded?
Crestone Peak Resources was founded in 2016. It employs 101 to 250 people.
Where is Crestone Peak Resources based?
Crestone Peak Resources is headquartered in Denver, United States, in the North America region.
How does Crestone Peak Resources make money?
One revenue line is on record: oil and Gas Production.
Who are Crestone Peak Resources's main competitors?
Direct peers on record are Civitas Resources, SM Energy Company, Extraction Oil & Gas, Bonanza Creek Energy, PDC Energy, Noble Energy, SRC Energy and HighPoint Resources. Broad incumbents are Ovintiv and Chevron Corporation.
Does Crestone Peak Resources have an API?
No public API is recorded for Crestone Peak Resources.
What industry is Crestone Peak Resources in?
Crestone Peak Resources's product category is Oil and Gas Exploration & Production. Its primary akta.pro industry code is EUALAAAD, Drilling & Well Construction (E&P Operator-led), with a secondary code of EUALABAD, Completion Tools & Subsurface Equipment (Packers, Liners, Valves, Sand Control). Its NAICS code is 2111 and its SIC code is 1311.