Follow on Google News News By Tag Industry News News By Place Country(s) Industry News
Follow on Google News | ![]() Crudexx Petroleum targets Methane in Carbon County, Utah.Lease estimated to contain $40 million recoverable gas reserve
Crudexx Petroleum Company ("Crudexx") has begun developing its JLIB lease located in Carbon County, Utah. Crudexx will target the Black Hawk formation which rests roughly 4000 feet below the surface. The +1,000 acre lease is located north of Helper, UT and is estimated to contain over 9 bcf of recoverable gas - Coal Bed Methane (CBM).. The CBM will be recovered through drainage systems constructed by drilling a series of vertical and horizontal wells directly into the coal seam. CBM wells are usually drilled and completed in a relatively short period of time, generally a well will be completed within 72 hours. The ultimate recoverable reserves for individual CBM wells within the play range from 1.5 to 4 bcf. If you'd like more information about this topic, or want to inquire about other Crudexx Petroleum Company projects, email the company at info@crudexx.com... End
Page Updated Last on: Oct 11, 2013
|
|