Wildcatter Fever … Sort Of

Every once in a great while I have the luxury of scanning activity across the U.S. to find permitting or development I find interesting. Below is a map of the 32,705 permits filed in the lower 48 in the last 12 months. The permits in green caught my attention. NEVADA I’ve always had a lot of respect for the explorers that somehow found a way to work through the complicated geology of the Basin and Range and discover oil in Nevada’s desolate Railroad Valley in 1954 from fractured welded tuffs at Eagle Springs field. In 1976, Trap Spring was discovered and from fractured volcanic rocks. In 1983, Grant Canyon was discovered in Railroad Valley and produced from porous dolomite at rates around 6,000 barrels of oil per day. Grant Canyon Oil & Gas LLC has taken a permit for an 11,500-foot well about four miles NNW of Blackburn field. The eight producers at Blackburn Field have produced about 2.5 million BO, 2.5 BCF, and about 34 MMBW from depths of around 6,500 feet, so the added mile of permitted drilling true vertical depth (TVD) is thought provoking—to say the least. Grant Canyon Oil & Gas LLC states in the permit… continue reading

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