Richfield Begins Completion Ops at Wyoming Well

Richfield Oil & Gas Company announced it has begun completion of the Wasatch National Forest #16-15 Well in Uinta County, Wyoming. The well and the acreage were acquired by the Company in December of 2012. Development work on the well site and Mechanical Integrity Testing of the well was completed in October of 2012 prior to the closing of the acquisition. The well is expected to be put into production in April 2013. The Company owns an 80 percent working interest and a 62.4 percent net revenue interest in the well and a 100 percent working interest and a 78 percent net revenue interest in the surrounding acreage.

"We are excited to begin the first phase of our Rocky Mountain activities. These operations add to the Company's cash flow which will help Richfield to continue to develop our Kansas properties and ramp up our Central Utah plans," Chairman and CEO of Richfield Douglas C. Hewitt, Sr. said.


Click on the button below to add a comment.
Post a Comment
Generated by readers, the comments included herein do not reflect the views and opinions of Rigzone. All comments are subject to editorial review. Off-topic, inappropriate or insulting comments will be removed.


Our Privacy Pledge

Most Popular Articles

From the Career Center
Jobs that may interest you
Store keeper / Warehouse - Zanesville Ohio - 6200
Expertise: Storeman|Supply Chain Management|Warehouse Person
Location: Zanesville, OH
Roustabout Thereafter Job
Expertise: Roustabout
Location: Silverthorne, CO
Tool Tech
Expertise: Maintenance Technician|Mechanic|Rig Mechanic
Location: New Iberia, LA
search for more jobs

Brent Crude Oil : $48.06/BBL 2.51%
Light Crude Oil : $45.77/BBL 2.17%
Natural Gas : $2.97/MMBtu 2.30%
Updated in last 24 hours