Three Forks to drill in Weld County

BROOMFIELD – Three Forks, Inc., a Broomfield-based oil and gas exploration and production company, has signed an agreement with Houston-based Vanguard Natural Resources LLC (Nasdaq: VNR), allowing it to drill on Vanguard-leased lands in Weld County.

According to a media statement from Three Forks, the agreement requires that two wells be drilled before Sept. 15 on tracts covering 160 acres in a prolific oil-producing area of the Denver-Julesburg Basin, where Three Forks’ operations team has extensive experience.

“Our team drilled five wells immediately offsetting this acreage in 2012,´ said Chuck Pollard, president of Three Forks, in the statement. “Due to new fracture-stimulation technology, all five of those wells exceeded production expectations.”


You have 2 free articles remaining this month.
Want to see more? Login or Subscribe.

Leave a Reply

Your email address will not be published. Required fields are marked *

Advertising

Social Network

 
Facebook Icon
Twitter Icon
LinkedIn Icon
 
©2016 BizWest The contents of this website are copyright BizWest Media, LLC. All rights reserved.
Use of any of this informatino or media on this site is strictly prohibited withotu express written consent.
×