Berry Petroleum Co., Denver, said it has purchased 14,000 net acres with a 96% working interest contiguous to Brundage Canyon oil field in the Uinta basin in northeastern Utah for $40 million.
The company expects the acquisition to add 200 identified drilling locations in addition to the 350 Ashley Forest locations gained from the environmental impact statement approval Berry received in the quarter ended June 30. Berry has added 28,000 net acres to its Uinta position in 2012.
Production from the company’s Uinta properties averaged 5,940 b/d of oil equivalent in the quarter ended Sept. 30, 5% higher than the previous quarter.
The company ran four rigs and drilled 37 commingled Green River/Wasatch wells targeting higher oil potential areas. Across the basin, Berry's 2012 Uinta wells have delivered 30-day average IPs of 70 to 190 boe/d. The company plans to drill 26 more commingled wells in the fourth quarter.