Oklahoma energy companies with exploration projects in Wyoming might be paying close attention to studies underway that might show one shale play in the state could be the source of untapped reserves of 200 billion barrels of oil.
The Mowry Shale is being carefully studied by researchers at the University of Woming School of Energy Resources. The Wyoming legislature approved drilling studies with $2.5 million in funding last year.
Scott Quillinan, Director of the School said the prospects could even be more than 200 billion barrels of oil.
“As we’ve learned more about the Mowry, that number is probably going up. But we need to look at it a bit more to understand what the size of the prize could be.”
Wyoming’s Powder River Basin has drawn Oklahoma producers over the years, including Devon Energy and Continental Resources. Oklahoma City’s Chesapeake Energy explored there until early in 2022 when it sold its Wyoming holdings to Continental Resources in a $450 million deal.
Helmerich & Payne has operations in the state as well. Midstream operator NGL Energy Partners is there too.
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