Forest Oil Corp. has retained The Oil & Gas Asset Clearinghouse to market 120,000 contiguous acres in an emerging oil play in southwest Wyoming through a mid-value negotiated express transaction.
The acreage, in Uinta County, Wyoming, targets the southern Moxa Arch Project horizontal oil play.
The acreage includes long primary lease terms, with at least 80% net revenue interest and targets multiple liquids-rich formations, including the Frontier, Mowry and Dakota. Completed well costs are about $7.5 million, with seismic acquisition permitted.
Bids for the acreage are due by March 12. For additional information, contact Ken Reed at The Oil & Gas Asset Clearinghouse, at 281-873-4600.