MINERAL HOLDINGS & OIL FIELDS

Collier Resources Company (CRC) manages more than 800,000 acres of minerals throughout Collier, Lee and Hendry Counties, leasing mineral rights and monitoring oil exploration, development and production at three oil fields – Raccoon Point, Bear Island and Sunniland Field. CRC is also actively engaged in further exploring its mineral assets.

Sunniland Field 

When oil was needed to power the war effort during World War II, the federal government created incentives to locate and drill for oil in Florida. Humble Oil Company, known today as ExxonMobil, made the first discovery on Collier minerals at Sunniland Field just south of Immokalee in 1943. It was the beginning of oil exploration and development in Florida, and since that time, the Sunniland Field has produced more than 13 million barrels of oil and continues to produce oil today.

Bear Island 

Partially located in the Big Cypress National Preserve, oil was discovered in Bear Island in 1972, prior to the establishment of the preserve, and production began just a year later. This oil field has yielded nearly 13 million barrels of oil since then and continues to produce oil today.

Raccoon Point 

Oil at Raccoon Point field was first discovered by ExxonMobil in 1978 and production began in 1981. The field is located in the Big Cypress National Preserve near the Collier-Dade County line and produces approximately 1,950 barrels of oil per day. The field has produced more than 18 million barrels of oil to date, with a recent increase in production with the addition of a new horizontal well. The field was expanded in 1992 as a result of a 3-D seismic survey.



Oil and natural gas supply more than 60 percent of our nation’s energy.

The oil industry provides more than 9.2 million American jobs, 267,277 in Florida alone.
The oil industry has invested $175 billion since 1990 toward improving the environmental performance of its products, facilities and operations.
Currently, oil is the principal transportation fuel in the United States, accounting for more than 97 percent of the energy that powers our nation’s automobiles, airplanes and ships.
Oil is expected to remain the dominant fuel in our nation’s energy mix for decades.
Combined with natural gas production, the oil industry supports nearly 9.2 million American jobs, while providing millions of dollars to the economy through state and local revenue each day. 
The oil and natural gas industry contributes significantly to the U.S. economy as one of the nation’s largest employers and purchasers of goods. 
9.8 million people are directly or indirectly employed by the U.S. oil and natural gas industry.
Energy demand in the U.S. is expected to grow by 12 percent between now and 2040.
America’s oil and natural gas industry has a long-standing commitment to safety and protecting the environment. 
Since 1990, the oil and natural gas industry has invested $239 billion toward improving the environmental performance of its products, facilities and operations
Oil and natural gas development has been safely conducted for more than 60 years.