Canyon Creek Energy C-Suite Chat: Heir to the Kingdom Builders

Canyon Creek Energy President and CEO Luke Essman recounts his company’s rebirth as the market crumbled underneath one of Oklahoma’s last build-and-flip acquirers.

(Source: Hart Energy / Oil and Gas Investor)

[Editor's note: A version of this story appears in the April 2022 issue of Oil and Gas Investor magazine.]

The heady days of drill-and-flip A&D are gone, finally capsized by the rogue waves of commodity crashes. But now that the demand drought has ended, some E&Ps managed to find a way to keep from being pulled to the bottom.

Tulsa, Okla.’s Canyon Creek Energy is one of them. Led by president and CEO R. Luke Essman, the company was founded in March 2017 with the idea of quickly building up a demonstrable production base and then selling. Canyon Creek, backed by Fort Worth, Texas-based Vortus Investment Advisors LLC, now finds itself on an island of 35,000 acres in the nearly forgotten Arkoma Basin, churning out production and cash flow to its investors and considering its options.

Already have an account? Log In

Subscribe now to get unmatched and complete coverage of the Energy industry’s entire landscape!

View our subscription options
  • Access to site wide content
  • Access to our proprietary databases
  • Watch exclusive videos with energy executives
  • Unlimited access to an extensive library of Playbooks, Techbooks, Yearbooks, supplements, and special reports
  • Newly Added! Access to Rextag's Energy Datalink, containing extensive GIS databases of energy assets, production records, processing capacities, physical locations, planned projects, acquisition records, and much more.

Darren Barbee

Darren Barbee is senior editor for Oil and Gas Investor magazine.