21% interest in EOG trades on NYSE 69 dollars a share
The Company owns a 21% non-operated working interest in two (2) Uinta Basin horizontal gas wells: Stagecoach 111-20H and Stagecoach 117-20H. Both wells have been producing natural gas in commercial quantities since December 2017 and both are operated by EOG Resources, Inc. (NYSE: EOG). These wells fit with the Company’s overall growth strategy for the Basin and provide Foothills with the ability to gain insight on an emerging horizontal play from a world-class operator. The wells have been classified as Confidential by the operator with the State of Utah Department of Natural Resources Division of Oil, Gas and Mining.
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