Crescent Energy Co. has an agreement with Verdun Oil Co. II LLC to snap up oil-rich assets in the Uinta Basin, formerly held by EP Energy Corp., for $815 million. According to Houston-based Crescent, pro forma oil production nine months following the Uinta acquisition could increase to 134,000-148,000 boe/d from 114,000-124,000 boe/d. The assets, primarily…
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QEP Breaks Permian Production Records, Raises 2018 Guidance
QEP Resources Inc. management said it broke production records in the Permian Basin during the first quarter, but it plans to drop to a four-rig drilling program in May, even as it raises overall production guidance for the remainder of the year.
BLM Taking Comments for Proposed XTO Natural Gas Project in Uinta
The U.S. Bureau of Land Management (BLM) on Wednesday launched a 14-day public comment period for XTO Energy Inc.’s proposed Horsebench Natural Gas Development Project in part of the Uinta Basin, 36 miles north of Price, UT.
Silverpeak Pays $132M for Linn’s Uinta Assets
New York City-based investment management firm Silverpeak confirmed Friday that it paid $132 million to buy Linn Energy Inc.’s Uinta Basin portfolio.
EOG’s Updated Uinta Project in Natural Buttes Resurfaces
EOG Resources Inc.’s proposal to drill 2,800 natural gas wells in the Uinta Basin of Utah has gained a new life, following the release of an updated draft environmental impact statement (DEIS) by the Bureau of Land Management (BLM).
Foothills Recompleting Uinta Wells, Developing Drilling Program
Foothills Exploration Inc. plans to re-enter two wells in Utah’s Uinta Basin next month and develop a comprehensive drilling program within two months for acreage it acquired last December.
Tesoro, EP Energy Ink JV to Expand Uinta Drilling in Utah
Units of Tesoro Corp. and EP Energy Corp. on Thursday formed a drilling joint venture (JV) to fund oil and natural gas development in EP’s Altamont program in the Uinta Basin of Utah.
Long-Stalled Uinta Drilling Plan Gets New Life in Court Order
A natural gas development plan for the Uinta Basin in Northeast Utah by Denver-based Gasco Energy Inc. was given new life earlier this month when a federal district judge rejected claims by three environmental groups challenging the plan’s approval by the federal Bureau of Land Management (BLM) three years ago.
Court Affirms EPA’s Endorsement of Uinta Basin Ozone Cleanup
A U.S. Court of Appeals for the DC Circuit Tuesday upheld the U.S. Environmental Protection Agency’s (EPA) decision not to designate the Uinta Basin in Utah as a nonattainment area for ozone.The Western Energy Alliance (WEA), which was in a rare alignment with EPA on the case, applauded the decision.
Court Affirms EPA’s Endorsement of Uinta Basin Ozone Cleanup
A U.S. Court of Appeals for the DC Circuit Tuesday upheld the U.S. Environmental Protection Agency's (EPA) decision not to designate the Uinta Basin in Utah as a nonattainment area for ozone.The Western Energy Alliance (WEA), which was in a rare alignment with EPA on the case, applauded the decision.