Wednesday, April 20, 2005

Wolverine Claims "Billion Barrel Province" In Utah

Covenant Cross-Section

Wolverine Gas & Oil Corp. thinks their Covenant Field strike may be be part of a larger field containing as much as a billion barrels, according to an article in EXPLORER.
"I honestly expect this to be a billion-barrel province -- I expect that we'll find another 10 fields out there," said Doug Strickland, exploration manager for Wolverine in Grand Rapids, Mich.
Production so far is 210,000 barrels; the field may extend into Canada, where it would be flanked by nearby Albertan fields. Lease rates have already climbed to $1,000 an acre.