Uinta Basin

Ultra Petroleum Acquires Oil Assets in Uinta Basin for $650M

Ultra Petroleum Corp. dipped its toe into the oil patch Monday, signing an agreement with an undisclosed seller to acquire oil-producing properties in northeast Utah, in the Uinta Basin, for $650 million, the company said Monday. Read More

Drill, Baby, Drill -- Faster Still

The average U.S. onshore drilling rig is producing 2% more wells than it did three months ago, and increasingly, rigs are targeting liquids-rich plays over those known for producing... Read More

Rockies Poised for Resurgence, Says WPX Executive

The Marcellus Shale and other shale plays may continue to lead the U.S. natural gas renaissance in the near term, but the Rockies are primed for a resurgence later in this decade, a WPX Energy Inc. executive said Tuesday. Read More

Utah Governor Wants Rethink of Book Cliffs Leasing

 Tens of thousands of acres in Utah if leased for oil and gas exploration could generate hundreds of millions of dollars for the state's schoolchildren. But Gov. Gary Herbert said a decision to lease land to Anadarko Petroleum Corp. should be reconsidered as the acreage could have even more value if managed differently. Read More

Report: Methane Emissions at 'High Levels' in Uintah Basin

 Concerned groups like the Environmental Defense Fund (EDF) are raising new greenhouse gas (GHG) emissions concerns related to the North American natural gas production boom, citing a new paper on methane leakage in Utah's Uintah Basin released Monday by researchers at the National Oceanic and Atmospheric Administration (NOAA) and University of Colorado. Read More