This form is used for the purposes of more effectively developing, producing, and operating the Unit Area in order to prevent surface and underground waste, and obtain the greatest ultimate recovery of production of oil and gas, promote conservation, and to afford each of the Parties the right to recover their fair and equitable share of the production to be obtained from the Unit Area, or to receive the attributable proceeds of such production.
Utah Gas Storage and Secondary Recovery Unit Agreement
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State:
Multi-State
Control #:
US-OG-774
Format:
Word;
Rich Text
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FAQ
Utah produces oil from eight major ?plays? within these provinces, where a play is defined by the U.S. Geological Survey as a set of known or postulated oil accumulations sharing similar geologic, geographic, and temporal properties such as hydrocarbon-generating source rocks, oil migration pathways, trapping ...
Utah's natural gas fuels not only homes and businesses in Utah; it also is used by surrounding states. Utah also produces a significant amount of crude oil, primarily from the Uintah Basin in the eastern part of the state.
Utah Inland Rig Count is at a current level of 13.00, down from 14.00 last week and up from 12.00 one year ago. This is a change of -7.14% from last week and 8.33% from one year ago.
Utah's oil sands are made up of several different deposits all consisting of different amounts of heavy or crude oil. These sites are mostly found on public lands. They are mainly close together and many are found within the Uintah Basin of Utah, which is a section of the Colorado Plateaus province.
Utah has the fourth-highest number of producing oil and natural gas leases on federal lands, after Wyoming, New Mexico, and Colorado.
Nearly all offshore oil and natural gas leasing and development activity currently occurs in the central and western Gulf of Mexico, where thousands of platforms operate in waters up to 6,000 feet deep. A few platforms operate in depths of 10,000 feet or more.