- Business
- Carbon Energy Corporation (CRBO), an independent oil and natural gas company, engages in the acquisition, exploration, development, and production of oil, natural gas, and natural gas liquids properties in the United States. The company focuses on conventional and unconventional reservoirs, including shale, tight sand, and coalbed methane, primarily in the Appalachian, Illinois, and Ventura Basins; it owns working interests and royalty interests in wells located in California, Illinois, Indiana, Kentucky, Ohio, Tennessee, Virginia, and West Virginia. Founded in 2007 and headquartered at 1700 Broadway, Suite 1170, Denver, Colorado, Carbon Energy operates approximately 215 employees and targets upstream energy markets across these key U.S. regions. The company, formerly known as Carbon Natural Gas Company, changed its name to Carbon Energy Corporation in June 2018 to reflect its expanded scope. While no major acquisitions, funding rounds, or new product launches are reported in the last 1-2 years, it maintains ongoing operations amid challenging financials, including trailing twelve-month revenue of US$84.16 million and net losses.