A World Class Oil and Gas Asset

Enercor’s Story

Enercor is offering a world class oil and gas asset situated in the heart of America. Enercor holds a large and exclusive lease position on 16,750 acres in the PR Spring Special Tar Sand Area in Uintah County, Utah. Spread over 15 combined hydrocarbon leases, or CHLs, Enercor’s lease rights entitle it to the oil and gas found in the tar sands as well as in the underlying conventional and unconventional plays. No other leaseholder in the United States can say this.

The Enercor story is foremost one of perseverance. In the Combined Hydrocarbon Leasing Act of 1981, Congress authorized the U.S. Bureau of Land Management (BLM) to convert qualifying conventional oil and gas leases to CHLs to unlock the vast energy potential stored in the surface tar sands. Enercor’s corporate predecessor, working by agreement with other oil companies, submitted the necessary conversion applications. After conducting the requisite environmental reviews under the National Environmental Policy Act, the BLM issued a record of decision approving the conversions, but the CHLs did not issue and decades past without any further activity. Toward the end of the 2000s, however, Enercor re-engaged with the BLM and other stakeholders to push to completion the lease conversion that Congress directed in the 1981 statute. In 2020, Enercor’s efforts paid off when the BLM converted Enercor’s conventional leases to the 15 CHLs it now holds.