Petro Resources Acquires Acreage in Piceance Basin, Colorado

Petro Resources has acquired an 18.75% interest in approximately 3,900 gross acres in the Piceance Basin located in Delta County, Colorado. This initial leasehold interest when fully developed could provide in excess of forty well locations. Petro Resources also has the option to purchase its proportionate share of an additional 14,000 acres in the area, if and when leased.

The primary objectives are an Upper Dakota marine bar sand and a Lower Dakota fluvial sand. The Morrison Sandstone section is a secondary target on the acreage. The pre-drill net unrisked reserve potential for the Dakota sands attributable to the Petro Resources position is approximately 3.5 BCF or billion cubic feet.

About Petro Resources Corporation:


Our Privacy Pledge

Most Popular Articles

From the Career Center
Jobs that may interest you
Technical Coordinator
Expertise: Client Representative|Process Management|Technical Writing
Location: Houston, TX
Executive Assistant
Expertise: Executive|Secretarial or Administrative
Location: United States
Regional Manager - Saybolt
Expertise: Executive|Operations Management
Location: Linden, NJ
search for more jobs

Brent Crude Oil : $51.78/BBL 0.77%
Light Crude Oil : $50.85/BBL 0.83%
Natural Gas : $2.99/MMBtu 4.77%
Updated in last 24 hours