The U.S. Geological Survey (USGS) recently completed a geology-based assessment of the undiscovered, technically recoverable oil and gas resources in the Paradox Basin, which extends into parts of Utah, Colorado, Arizona, and New Mexico.
The USGS assessed undiscovered, technically recoverable oil and gas resources in nine assessment units. Four conventional AUs were assessed to contain means of 89 million barrels of oil, 833 billion cubic feet of gas, and 18 million barrels of natural gas liquids. Four unconventional AUs were assessed to contain means of 471 million barrels of oil, 11,868 billion cubic feet of gas, and 472 million barrels of natural gas liquids. Read more
According to an article on the Motley Fool investment site, Bismarck-based MDU Resources Group holds approximately 83,000 net acres and has an option to lease another 20,000 net acres in the Paradox Basin through the company's oil and gas subsidiary, Fidelity Exploration and Production Company. The company recently completed a well in the Paradox Basin's Cane Creek play which was initially producing approximately 1,500 barrels of oil per day, according to the Motley Fool, which added that MDU also holds approximately 120,000 acres in the Williston Basin. Read more
The USGS assessed undiscovered, technically recoverable oil and gas resources in nine assessment units. Four conventional AUs were assessed to contain means of 89 million barrels of oil, 833 billion cubic feet of gas, and 18 million barrels of natural gas liquids. Four unconventional AUs were assessed to contain means of 471 million barrels of oil, 11,868 billion cubic feet of gas, and 472 million barrels of natural gas liquids. Read more
According to an article on the Motley Fool investment site, Bismarck-based MDU Resources Group holds approximately 83,000 net acres and has an option to lease another 20,000 net acres in the Paradox Basin through the company's oil and gas subsidiary, Fidelity Exploration and Production Company. The company recently completed a well in the Paradox Basin's Cane Creek play which was initially producing approximately 1,500 barrels of oil per day, according to the Motley Fool, which added that MDU also holds approximately 120,000 acres in the Williston Basin. Read more
No comments:
Post a Comment