The Lake Canyon prospect covers 171,000 gross acres with Berry owning 56.25% working interest in the shallow zones. Ute Energy L.L.C., an affiliated company of the Ute Indian Tribe, owns 25% and Bill Barrett Corporation owns the remaining 18.75%. The shallow zones are those above the Wasatch which is at approximately 6,500 feet.
Robert Heinemann, president and chief executive officer stated, "Our exploration efforts are proving successful, and demonstrate increased inventory in the Uinta Basin where we have the ability to leverage our existing operations and services. We have three drilling rigs under contract in the Uinta Basin to achieve our 2006 drilling activities at Brundage Canyon, Coyote Flats and Lake Canyon. We plan to drill four additional shallow Lake Canyon wells over the next several months to further delineate the prospect acreage as we construct a natural gas pipeline to service the area. We are initiating plans to accelerate the development of the Lake Canyon shallow zones in 2006."
Most Popular Articles
From the Career Center
Jobs that may interest you