|
|
Article: Western Gas Resources, Inc. Announces Intent to Sell Working Interests in Jonah Field.
- Article from:
- PR Newswire
- Article date:
- December 10, 1998
CopyrightCOPYRIGHT 1998 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
DENVER, Dec. 10 /PRNewswire/ -- Western Gas Resources, Inc. ("Western") (NYSE: WGR) today announced that its production subsidiary, Lance Oil & Gas, Inc. ("Lance") is offering for sale a working interest in the Jonah Field. The Jonah Field is a large basin-centered gas accumulation located in the northwest portion of the Green River Basin in southwest Wyoming. Western intends to retain all of its gathering and processing rights in the area following a sale.
The Jonah Field is currently being developed on 80-acre spacing, with natural gas production approaching 200 MMcf per day from 85 wells. Lance owns working interests in 19 producing wells on 2,000 gross ...