Current Operations are Focused in Roosevelt County, MT in the Williston Basin
The Williston Basin spans across North Dakota, South Dakota, Montana, and the Canadian province of Saskatchewan.
"The Williston Basin is a key cog in the American oil and gas machine."
Natural gas was first discovered in the Williston Basin back in 1892 and was first commercially produced in 1913 . But it wasn’t until 1951 that the first commercial oil production began. A U.S. geological survey conducted in 2008 estimated the area to have 3.65 billion barrels of oil, 1.85 trillion cubic feet of natural gas, and 148 million barrels of natural gas liquids, but estimates for both locations continue to change.
The Potential of Multiple Payzones
Multiple Horizons or Stacked Pay-Zones are industry terms that define the underlying geology. They describe layers of rock or sand formations with the presence of commercially viable quantities of oil and gas. In many locations throughout the United States, there may be only one or perhaps two Pay-Zones.
One of the principal characteristics of Integrous Energy Partner’s prospect in Roosevelt County, MT is the presence of multiple pay-zones. In fact, and depending on the location, there are between 4 and 6 pay-zones, each with potentially commercially viable volumes of hydrocarbons (oil and gas).
This has been evidenced by wells drilled in Roosevelt County, MT. Integrous Energy Partner currently experiences earnings from the production of any zone and the sale of reserves yet to be produced up-hole in the event the well were to be sold to a third party. In short, IEP owns the entire well bore which includes each pay-zone encountered.
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