Deals - Acquisition & Divestiture | Operational Updates | Reserves | Drilling Program - Wells

Foothills Updates Uinta Basin Ops, Reserves; Terminates Piceance Deal

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   |    Wednesday,August 23,2017

Foothills Exploration has reported an update on its Uinta Basin activities.

- Plans to re-enter two wells in the Duck Creek area located in Uintah County, Utah, in the Natural Buttes field during the month of September.

- Proved Reserve Assessment: According to the report, these properties have ~5.4 MMBOE of Proved Undeveloped Reserves.  The well depths range from 5,500 feet in the Brundage Canyon area to about 18,000 feet in the Altamont-Bluebell area.

- Mutually terminated an agreement to acquire Piceance assets from an undisclosed seller

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