|
Utah Geological Survey
May 1, 1996
Utah Enjoys Reputation as an
Excellent Area for Oil and Gas Exploration
A new report compiled by the Utah Geological Survey and the state Division of Oil, Gas and Mining, indicates Utah remains strong as a site for new oil and gas exploration. The report shows that during 1995 more than two dozen companies sought information about, or obtained permits to begin operations in the state.
"This information attests to the fact that the petroleum industry views Utah as an excellent place to start new exploration programs or purchase existing producing properties for further development," said Tom Chidsey, energy section chief at the UGS. "These are companies that have never before done business in the state. Eighteen of the companies actually obtained permits to conduct drilling operations and one has opened an office in Roosevelt," he added.
The report covers the period from January through December 1995 and
was compiled using confidential inquiries to the UGS and public records
at the Division of Oil, Gas and Mining.
|