Last week, the Bill Barrett Corporation sold its natural gas properties in the West Tavaputs Plateau of eastern Utah for more than 300-million dollars.
The deal was announced last week, but the buyer wasn’t disclosed. Filings with the Securities and Exchange Commission, though, identify the buyer as the EnerVest Corporation, based in Houston. The transaction is valued at 371-million dollars. EnerVest has drilling operations in Colorado and New Mexico as well as several other states in the South and Midwest.
After a year of studying winter ozone air pollution in Utah’s Uintah Basin, a team of scientists has determined that oil and gas wells are causing most of the problem.
The team at Utah State University’s Uintah Basin campus studied ozone last winter – when there were only a few inversion days and not much of a problem. It’s been worse this year, and Seth Lyman with the Bingham Research Center says a big part of the problem is the volatile organic compounds such as benzene coming from thousands of oil and gas wells.
The U.S. Bureau of Land Management has approved a plan proposed by Gasco to drill 1,300 new oil and gas wells in eastern Utah over the next 15 years. Some of the wells will be drilled in the Desolation Canyon area near the Green River. That has environmental groups warning of what they call a "disaster."