Gunnison Energy Corporation (“GEC”) was founded in 2001 to drill, produce and transport natural gas and oil along the southern flank of the Piceance Basin as well as other areas in the Rocky Mountain Region. Since 2001, GEC has acquired oil and natural gas leases in excess of 100,000 net acres on both private and federal lands located in Delta, Mesa and Gunnison counties of Colorado. The Company started drilling in the summer of 2003 and commenced production in January of 2005.
GEC is proud of its strong relationship with the communities of Delta County and Gunnison County. The Company is committed to setting the standard for environmentally conscious exploration and production while supplying the growing needs of the national energy demand.
GEC is owned by William I. Koch whose Oxbow companies specialize in the global energy business. Oxbow built its business around the philosophy of combining talent, teamwork and technology. It is this philosophy that steered Koch to victory in the 1992 America’s Cup.
Koch also owns, Oxbow Mining LLC, which operates the Elk Creek Mine located in western Colorado’s North Fork Valley. The mine produces five million tons of high-quality bituminous coal annually, supplying low sulfur, high BTU Elk Creek coal to utility and industrial customers throughout the United States.