Uinta-Piceance

Commentary

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.

Updated

June 18, 2024

Location

Description

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

Summary

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.