Unlocking New Value In An Established Oil Basin
Unlocking New Value In An Established Oil Basin
Utah has six main oil and gas producing regions. Bright Rock’s position is in one of the most important – the Uinta Basin. With a rich resource base of continuously oil-saturated rock thousands of feet thick, it is the heart of the oil and gas industry in Utah. Since the 1920’s the area has been developed using vertical wells, leaving significant resource behind that is now being developed with horizontal wells.
Our leases in Utah, east of Salt Lake City.
About
Utah Project Development Plan
Significant upside exists from drilling new horizontal wells into oil zones that have not been depleted by previous vertical well development. Target drilling objectives, ranked from shallow to deep, include the Castle Peak, Uteland Butte, and at least two unique Wasatch zones.
Typical development plans employ multiple two-mile-long horizontal wells being drilled from the same surface pad location to minimize environmental impact and improve operational efficiency.
When a two-mile-long horizontal well is drilled, every royalty owner within the two-square mile (1280 acres) drilling unit will share the production revenue proportionate to their royalty interest and acreage. Whether Bright Rock or another company drills wells into the pooled area, you will receive the royalty agreed upon in your lease no matter who you leased to.
Bright Rock offers very competitive lease terms, including lease bonuses and royalties. At your request, we can provide you a strong, obligation-free offer to either lease or buy your mineral interest.
Leasing or Selling Minerals to Bright Rock
We are committed to providing a timely response to all inquiries.
If you are considering leasing or selling your minerals or working interest, we would appreciate the opportunity to discuss our very competitive terms.
Chris Colvin
Landman
