Acquisitions & Divestitures

Golden State Oil & Gas has retained Meagher Energy Advisors to sell a CO2 enhanced oil recovery developmental opportunity in the Uintah Basin of Utah.

The package includes an 87.87% working interest (74.80% net revenue interest) in the Ashley Valley Unit, a 1,080-acre federal development unit, in Uintah County. Twelve wells target the Weber and Park City formations at an average depth of 4,100 feet. The package also includes a 100% working interest (81.25% net revenue interest) in two Entrada formation wells at an average depth of 2,000 feet.

Projected ...