DENVER--(BUSINESS WIRE)--Wind River Energy Corp. (“Wind River” or the “Company”) announced today the location of the next two wells in their Day Butte Project and also confirmed the locations of the EnCana Oil & Gas, Noble Energy and ConocoPhillips gas field developments, which surround Wind River’s potential 75 well Day Butte Project. (See link below.)
The Casper Star-Tribune reported on August 3, 2011 that those three companies would soon submit a development plan to federal officials as part of a 4,200-well gas field development project known as the Moneta Divide. The Moneta Divide field area encompasses Wind River’s Day Butte Project, in Wyoming.
The article stated that the Moneta Divide field wells will be drilled on 20 acre spacing into a 414 square-mile area between Casper and Shoshone near Lysite, Wyoming crossing the border of Fremont and Natrona counties, and encompassing the area where Wind River Energy has 1,578 acres of leases in its Day Butte Project. The article states that EnCana will drill 3,600 wells down to 10,000 feet, while Noble will drill 450 wells and ConocoPhillips will drill 150, according to the U.S. Bureau of Land Management field office in Lander. The new plan is a big boost for Wyoming’s natural gas industry, which ranks second behind only Texas for domestic natural gas production, according to the U.S. Energy Information Administration.
Wind River announced the location of their two additional wells in the Day Butte project, which are progressing through the permit approval process, and are in the area of four drilling permits recently issued to Encana and Noble, for wells which are within three miles of Wind River’s existing leasehold.
“The drilling plans of EnCana, Noble and ConocoPhillips, which are some of the best companies in the natural gas business, effectively ratify our Day Butte Prospect, with its multiple pay zones per well and widespread gas accumulation”, stated Alan O’Hare, CEO of Wind River Energy.
About Wind River Energy Corp.:
Wind River is an oil and natural gas acquisition, exploration and development company with a focus on domestic energy projects within the United States. Wind River has oil & gas leases on three properties located in the Wind River Basin of Wyoming in addition to its four other project areas in Colorado, New Mexico, Wyoming and Montana.
For further information, please visit Wind River’s website at http://www.windriverenergy.com/.
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FORWARD LOOKING INFORMATION
This press release contains forward-looking statements. The use of any of the words "anticipate", "continue", "estimate", "expect", "may", "will", "project", "should", "believe" and similar expressions are intended to identify forward-looking statements. Statements relating to "reserves" or "resources" are deemed to be forward looking statements, as they involve the implied assessment, based on certain estimates and assumptions, that the resources and reserves described can be profitably produced in the future. Forward-looking statements in this release include the location of the next two wells in their Day Butte Project, that certain third party companies will soon submit a development plan to federal officials, that, combined, the development is for a 4,200-well gas field development project known as the Moneta Divide, that the Moneta Divide field wells will be drilled on 20 acre spacing into a 414 square-mile area between Casper and Shoshone near Lysite, Wyoming and that EnCana will drill 3,600 wells down to 10,000 feet, while Noble will drill 450 wells and ConocoPhillips will drill 150 wells.
Although Wind River believes that the expectations and assumptions on which the forward-looking statements are based are reasonable, undue reliance should not be placed on the forward-looking statements because Wind River can give no assurance that they will prove to be correct. Since forward-looking statements address future events and conditions, by their very nature they involve inherent risks and uncertainties. These statements speak only as of the date of this press release. Actual results could differ materially from those currently anticipated due to a number of factors and risks including various risk factors discussed in the Company’s Management’s Discussion and Analysis for the Period Ended September 30, 2010 as amended, filed on February 7, 2011 under the Company’s profile on www.sedar.com.
THE FORWARD-LOOKING INFORMATION CONTAINED IN THIS NEWS RELEASE REPRESENTS THE EXPECTATIONS OF THE COMPANY AS OF THE DATE OF THIS NEWS RELEASE AND, ACCORDINGLY, IS SUBJECT TO CHANGE AFTER SUCH DATE. READERS SHOULD NOT PLACE UNDUE IMPORTANCE ON FORWARD-LOOKING INFORMATION AND SHOULD NOT RELY UPON THIS INFORMATION AS OF ANY OTHER DATE. WHILE THE COMPANY MAY ELECT TO, IT DOES NOT UNDERTAKE TO UPDATE THIS INFORMATION ON AT ANY PARTICULAR TIME.