Jonah Field Grid Petroleum's key asset is th
Post# of 74
Posted On: 08/22/2013 5:59:26 AM
Jonah Field
Grid Petroleum's key asset is the SE Jonah Prospect, based in Wyoming's Greater Green River Basin. During 2006, the State of Wyoming was second in natural gas production and recorded it's highest level of natural gas production, largely due to two massive but previously undeveloped natural gas formations - the Jonah Field and the adjacent Pinedale Anticline. 2007 followed along similar lines, with further development in the area continuing. With several leases and approaching 4,000 acres of high impact acreage, and potential future spacing for 300 wells, Grid is solidly positioned in this historically highly productive, low risk region.
The adjacent Jonah Field and the Pinedale Anticline are recognized as the foremost gas fields in the Rocky Mountains. According to the Wyoming State Geological Survey, the Greater Green River Basin contains approximately 26 TCF of natural gas which is the largest reserve Statewide. The prolific Jonah Field is estimated to contain 8 to 15 TCF of Natural Gas, which currently produces from more than 500 wells.
A world class location generally means world class neighbors, and that's why most of the surrounding acreage is currently held by EnCana and Yates Petroleum, with BP and Chevron /Texaco also holding significant positions. Add to this that during 2006, 3,243 wells were drilled in Wyoming with an astonishing success rate of 97.9% for drilling and completion, and it's why this low risk high yield region is key to Grid's success.
Both Grid and Independent contractors are working on analysis of how best to develop this exciting prospect.
Grid Petroleum's key asset is the SE Jonah Prospect, based in Wyoming's Greater Green River Basin. During 2006, the State of Wyoming was second in natural gas production and recorded it's highest level of natural gas production, largely due to two massive but previously undeveloped natural gas formations - the Jonah Field and the adjacent Pinedale Anticline. 2007 followed along similar lines, with further development in the area continuing. With several leases and approaching 4,000 acres of high impact acreage, and potential future spacing for 300 wells, Grid is solidly positioned in this historically highly productive, low risk region.
The adjacent Jonah Field and the Pinedale Anticline are recognized as the foremost gas fields in the Rocky Mountains. According to the Wyoming State Geological Survey, the Greater Green River Basin contains approximately 26 TCF of natural gas which is the largest reserve Statewide. The prolific Jonah Field is estimated to contain 8 to 15 TCF of Natural Gas, which currently produces from more than 500 wells.
A world class location generally means world class neighbors, and that's why most of the surrounding acreage is currently held by EnCana and Yates Petroleum, with BP and Chevron /Texaco also holding significant positions. Add to this that during 2006, 3,243 wells were drilled in Wyoming with an astonishing success rate of 97.9% for drilling and completion, and it's why this low risk high yield region is key to Grid's success.
Both Grid and Independent contractors are working on analysis of how best to develop this exciting prospect.
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