Nevada: White Pine multipay shale prospect eyed

Underground Energy Corp., Santa Barbara, Calif., said it signed a development agreement that gives it successive rights to shoot 2D and 3D seismic and drill a well to earn 11,554 net acres at 100% working interest in a large prospect in White Pine County, Nev.

Alan Petzet

Sept. 23, 2011

The company said the lands are prospective for hydrocarbons in the Mississippian Chainman shale, Mississippian-Devonian Pilot shale, Devonian Guilmette limestone, and Upper Mississippian Diamond Peak sands.

The agreement is with Titan Energy Resources and Stonegate Resources, both of Park City, Utah.

About the Author

Alan Petzet

Chief Editor Exploration

Alan Petzet is Chief Editor-Exploration of Oil & Gas Journal in Houston. He is editor of the Weekly E&D Newsletter, emailed to OGJ subscribers, and a regular contributor to the OGJ Online subscriber website.

Petzet joined OGJ in 1981 after 13 years in the Tulsa World business-oil department. He was named OGJ Exploration Editor in 1990. A native of Tulsa, he has a BA in journalism from the University of Tulsa.