Unconventional Opportunity
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.
An Unconventional Upside
Additional potential exists in the oil and gas asset at PR Spring in the form of “unconventional” or tight units and shales. As can be seen from the stratigraphic column, the PR Spring asset is rich in upside with the potential for a large amount of stacked pay in these tight sandstones. The U.S. Geological Survey recognizes that all factors necessary for a continuous gas accumulation exist in the PR Spring area and have identified the Mancos as an unconventional target in the Uinta Basin (Johnson, et al, 2010).
Oil and Gas Production In the Area
The entire Mancos section under PR Spring averages approximately 3,000′ thick and wireline log data indicate an average porosity of approximately 5% across the interval. Assuming an average gas saturation of 70% across the zone results in a potential gas resource of 6.4 trillion cubic feet of gas in place on the subject leases on a net-acre basis.
Nuccio, Vito F. and Roberts, Laura N.R., USGS (2003), Geologic Assessment of Undiscovered Oil and Gas Resources of the Mancos/Mowry Total Petroleum System, Uinta-Piceance Province, Utah and Colorado. Chapter 4, Petroleum Systems and Geologic Assessment of Oil and Gas in the Uinta-Piceance Province, Utah and Colorado.