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OIL AND GAS

US Oil & Gas Plc submits an application to drill three new well for oil production in Nevada acreage

US Oil & Gas Plc submits an application to drill three new well for oil production in Nevada acreage
The Siliconreview
07 April, 2021

US Oil & Gas Plc (USOP) has announced that it has submitted Notices of Staking (NoS) to the Bureau of Land Management (BLM) to drill three wells on the West Play in Hot Creek Valley, Nevada. NoS covers all the major aspects of an Application of Permit to Drill (APD) that includes the surface use plan of operations, well plat, drilling plan, and reclamation plan for each well that is drilled. In response to the NoS submissions, the BLM will visit the site within seven days to provide the necessary feedback on APDs to the oil and gas exploration company.

The three planned wells are present on the West Play, where the company's current basin model showcases a structural analogue of Railroad Valley's Cannon Field. The Seismic, magnetic, geochemical, and gravity data supports the well's drilling, and the interpretation is that the carbonate slip block structures are present and are Great analogues.

Meanwhile, Gant Canyon includes the most productive onshore well in the USA, flowing at over 4,000 barrels of oil in the USA, flowing at over 4,000 barrels of oils per day. Recent reports stated that these potentially analogues structures may feature good reservoir properties. If charged with hydrocarbons, it can increase oil potential, US Oil and Gas Plc stated.