The Bureau of Land Management has given its blessing for the development of as many as 4,250 oil and gas wells in central Wyo.’s Wind River Basin. The Moneta Divide project, led by private investment firm Aethon Energy and ConocoPhillips’ subsidiary Burlington Resources, includes private, state, and federal lands across 327,645 acres in the central part of the state. Roughly two-thirds of those are managed by BLM. The operators expect to drill about 325 new wells every year during a 15-year development period and estimate recovery of 18.16 TCF of gas and 254 MMBbls of oil over the project’s 65-year lifespan.
The BLM’s Record of Decision, however, doesn’t authorize any on-ground activity and each well will require review and approval as part of the drilling permit process. Aethon in 2015 acquired 188,000 net acres also located in the Wind River from Encana. What do you think? Learn more about Reese Energy Consulting and how we work with producers and midstream operators to maximize their revenues in today’s oil and gas environment. Visit us at www.ReeseEnergyConsulting.com.