Grid Petroleum Corp is an American oil & gas company focused on the acquisition, exploration and development of oil and gas properties in North America.
Grid Petroleum's key asset is the SE Jonah Prospect, based in Wyoming's Greater Green River Basin. During 2006, the State of Wyoming was second in natural gas production and recorded it's highest level of natural gas production, largely due to two massive but previously undeveloped natural gas formations - the Jonah Field and the adjacent Pinedale Anticline.
The company also has lease properties in the Kreyenhagen Trend acreage in the California shale play of the San Joaquin Basin
Grid Petroleum's key asset is the SE Jonah Prospect, based in Wyoming's Greater Green River Basin. During 2006, the State of Wyoming was second in natural gas production and recorded it's highest level of natural gas production, largely due to two massive but previously undeveloped natural gas formations - the Jonah Field and the adjacent Pinedale Anticline. 2007 followed along similar lines, with further development in the area continuing. With several leases and approaching 4,000 acres of high impact acreage, and potential future spacing for 300 wells, Grid is solidly positioned in this historically highly productive, low risk region.
The adjacent Jonah Field and the Pinedale Anticline are recognized as the foremost gas fields in the Rocky Mountains. According to the Wyoming State Geological Survey, the Greater Green River Basin contains approximately 26 TCF of natural gas which is the largest reserve Statewide. The prolific Jonah Field is estimated to contain 8 to 15 TCF of Natural Gas, which currently produces from more than 500 wells.
A world class location generally means world class neighbors, and that's why most of the surrounding acreage is currently held by EnCana and Yates Petroleum, with BP and Chevron/Texaco also holding significant positions. Add to this that during 2006, 3,243 wells were drilled in Wyoming with an astonishing success rate of 97.9% for drilling and completion, and it's why this low risk high yield region is key to Grid's success.
Both Grid and Independent contractors are working on analysis of how best to develop this exciting prospect.
Kreyenhagen Trend acreage in the California shale play of the San Joaquin Basin is different than other unconventional oil plays like the Bakken and Eagle Ford oil plays; these unconventional shale zones, Kreyenhagen and Monterey, lay beneath long-established multi-billion barrel conventional oil discoveries, these source rocks are heavily fractured by regional tectonics, creating thick shale sections spanning 500-3500ft, which are accessible by vertical wells.
Steep anticline structures eliminate the need for costly fracturing necessary in other tight shale's. The favorable result is a more profitable decline profile - lower initial production rates, but much slower decline.
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Local Area Occidental Petroleum Corp Reports:
OXY Report 1 - PDF
OXY Report 2 - PDF
GRPR OWNS 50% OF THE SOLIMAR LEASE
| ||Rimi Investment Report -May 2011 |
| ||The Cohen Research Report - UPDATE |
| ||The Cohen Research Report |
| ||The Schlumberger Report |
| ||The Jonah Technical Review |
| ||The SISM Report |
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