Tuesday, April 07, 2015 1:29:31 PM
According to the filing, there isn't another productive well for 22 miles in any direction. This is a new discovery. STTX only owns a 3% WI on the test well and 5% of the remaining locations on the 20K acre joint venture. Nevertheless, they control 100% WI interest on another 30+ square miles abutting the Whiting acreage to the west.
https://fs.ogm.utah.gov/bbooks/2015/02_Feb/Dockets/2015-001_176-05_Whiting/2015-001_20150403.2_AmendedRequestForAgencyAction.pdf
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