Conventional Oil and Gas
Kirschbaum, Mark A., USGS (2003), Geologic Assessment of Undiscovered Oil and Gas Resources of the Mancos/Mowry Total Petroleum System, Uinta-Piceance Province, Utah and Colorado. Chapter 6, Petroleum Systems and Geologic Assessment of Oil and Gas in the Uinta-Piceance Province, Utah and Colorado.
A Conventional Oil and Gas Asset
The PR Spring asset is located on the southern flank of the Uinta Basin, a prolific oil and gas basin in eastern Utah. The asset is underlain by multiple formations that produce oil and gas in nearby fields. Pine Springs, Main Canyon, Seep Ridge and Crooked Canyon fields underlie portions of the leases in question and produce oil and gas from multiple formations including Wasatch, Mancos, Dakota, Cedar Mountain and Morrison. These producing formations represent the upper half of the section with more potential possible from lower half of the stratigraphic section.
Oil and Gas Production In the Area
Enercor’s acreage has been independently studied for conventional gas resources with some reports placing conventional gas resources upwards of 200 BCF. Historical fields, mainly drilled in the 80’s around the acreage have produced the following amounts. Pine Springs Field has produced 4,036 barrels of oil and 5.7 billion cubic feet of gas since 1984 according to production records from the Utah Department of Natural Resources. Main Canyon Field has produced 28,119 barrels of oil and 5.5 billion cubic feet of gas since 1984. Seep Ridge Field produced 3,404 barrels of oil and 4.5 billion cubic feet of gas since 1984. Crooked Canyon produced 1,885 barrels of oil and 117 million cubic feet of gas Since 2001
