Wyoming-based U.S. Energy Corp. released an update on its activites in the Williston Basin today. Highlights...
- U.S. Energy currently has 14 completed wells and 4 wells awaiting completion with Brigham Exploration.
- The company currently anticipates drilling four to six infill wells in its 2011 drilling program with Brigham.
- In late February, Zavanna contracted a Precision drilling rig for the 12 month period starting April 1, 2011 through March 31, 2012. With this rig, U.S. Energy plans to drill approximately one well per month from April 2011 through March 2012.
- The company's total estimated acreage position and drilling inventory in the Williston Basin now total ~65,170 gross and ~25,099 net acres (including Montana), with the potential for 276 gross drilling locations in two programs (based on three Bakken and Three Forks wells per formation per unit).
http://finance.yahoo.com/news/US-Energy-Corp-Provides-pz-4052022955.html?x=0&.v=1
- U.S. Energy currently has 14 completed wells and 4 wells awaiting completion with Brigham Exploration.
- The company currently anticipates drilling four to six infill wells in its 2011 drilling program with Brigham.
- In late February, Zavanna contracted a Precision drilling rig for the 12 month period starting April 1, 2011 through March 31, 2012. With this rig, U.S. Energy plans to drill approximately one well per month from April 2011 through March 2012.
- The company's total estimated acreage position and drilling inventory in the Williston Basin now total ~65,170 gross and ~25,099 net acres (including Montana), with the potential for 276 gross drilling locations in two programs (based on three Bakken and Three Forks wells per formation per unit).
http://finance.yahoo.com/news/US-Energy-Corp-Provides-pz-4052022955.html?x=0&.v=1
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