Bright Rock successfully grows acreage position

Bright Rock Energy has completed the purchase of additional mineral acreage and minority working interest in the Uinta Basin, Utah. The purchase price amounts to USD 2.0 million for 300 net acres. Production on the acquired acreage is currently around 30 barrel oil equivalent (BOE) per day. In total, Bright Rock produces 100 BOE per day and holds a position of over 1,000 net acres within the core of the basin, where horizontal drilling activities have been focused. The company holds an additional 3,300 acres outside the high-activity center of the basin, which came from a package purchased last year.