While there remains prospectivity in the Basin, the state legislature remains the single biggest variable is having confidence in making long-term decisions. This is further compounded by concern at the Federal level, and to what extent the Biden Administration will use Federal powers to override State legislation to prevent oil & gas development.
June 11, 2021
Americas - North
The Uinta and Piceance Basins are Laramide structures separated by the Douglas Creek arch. The Basin is principally bounded by major faults, including the Charleston-Nebo thrust and the Uinta Basin boundary fault, or expressed at the surface by large monoclines such as the Grand Hogback
The Basin has been widely explored with a variety of play types. Asset turnover remains high as the development maturity risk is passed between companies. However, recent price headwinds are creating a feeling of uncertainty for the basin.
Source: ESRI, BGS, USGS & OGA data
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