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.”

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