By OGJ editors
HOUSTON, Apr. 18 -- Colorado Wyoming Reserve Co. (CWYR), Grand Junction, Colo., has acquired a 42.5% interest in 6,000 acres bordering a 16,640-acre area in which it holds varying interests and has acquired 3D seismic data in southeastern Utah.
It said Southwest Lisbon gas field is under development on the original acreage, 3.5 miles southwest of Lisbon gas field. At Southwest Lisbon, the Federal 1-31 and Evelyn Chambers wells each flowed about 2 MMcfd of gas from the same Mississippian formation that produces at Lisbon, CWYR said.
It said a 3D seismic survey is planned on the new acreage for later this year and expects drilling of three exploratory wells in the area in 2007.