IRS, FBI, BLM are involved; officials say little
Federal agents with the FBI, IRS and Bureau of Land Management raided the offices of Crystal River Oil and Gas in Basalt on Tuesday.
An IRS spokeswoman would only call the day-long federal law-enforcement presence at the downtown Basalt office an “official action,” although Basalt Police Chief Greg Knott said the agents were serving a search warrant.
IRS special agent Karen Gurgel said the matter was related to a criminal investigation. Approximately 10 federal agents participated, and were on scene from about 9 a.m. until 6 p.m., Gurgel said.
No one was arrested.
Crystal River Oil and Gas, according to its website, operates 300 oil-and-gas producing wells in six states, with a focus on Texas and Oklahoma. It also has offices in California.
The company’s website says it specializes in drilling operations at “low risk infill properties.”
No one from the company could be reached for comment Tuesday.
While it’s unclear if there is any connection, Crystal River Oil and Gas sued another drilling company in January in Pitkin County District Court. The complaint claimed that Impact Global Resources of Arizona failed to remit a $50,000 tax refund payment the Basalt company says it was owed following a land deal in Kansas.
David Boyd, a spokesman for the BLM’s local Colorado River Valley Field Office, said he knew nothing about the raid in Basalt on Tuesday, and that he did not believe Crystal River was operating any wells in his office’s territory.
Basalt police assisted in the federal law enforcement action.
“We went and did what we needed to do and left without any incident,” Knott said.