Wyoming Farmout - Horizontal Wells

State:
Multi-State
Control #:
US-OG-704
Format:
Word; 
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Description

Should any Party elect not to participate in any Horizontal Exploratory Well, other than the Initial Well proposed under the terms of the Agreement, the non-participating Party agrees to farmout to the participating Parties its interest.

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FAQ

Wyoming Petroleum Association of Wyoming's Latest Data Approximately 10,598 wells produced oil and 14,518 produced gas (6,505 of the gas wells being coalbed natural gas producers) for a total of 25,116 producing wells in the state.

1. Texas Total barrels annually (2022): 1.84 billion2. Share of U.S. production (2022): 43.02%2. Barrels per month (April 2023): 161.95 million9.

The primary Laramide basins in Wyoming are the Bighorn, Denver, Greater Green River, Hanna, Laramie, Powder River, Wind River and Shirley basins.

In 1884 the first oil well was drilled southeast of present day Lander. The deepest well drilled in Wyoming to date is a 25,830-foot true vertical depth (TVD) producing gas well in the Madden Field near Lost Cabin in Fremont County.

Wyoming Oil & Gas Activity Stats CategoryLast Year ValueCurrent Year ValueTotal Wells140,683141,049Total Producing Wells27,78726,971Percentage of Wells Producing20%19%Active Producers2952753 more rows

Wyoming Quick Facts Wyoming was the eighth-largest crude oil-producing state in the nation in 2022, accounting for 2% of U.S. total crude oil output. The state was the 10th-largest natural gas producer, and accounted for about 3% of U.S. marketed gas production.

Data ReservesReservesWyomingPeriodCrude Oil (as of Dec. 31)978 million barrels2021Expected Future Production of Dry Natural Gas (as of Dec. 31)15,005 billion cu ft2021Expected Future Production of Natural Gas Plant Liquids563 million barrels20216 more rows

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Wyoming Farmout - Horizontal Wells