The Rockies region consists of properties located in Wyoming (Washakie), northeast Utah (Uinta Basin) and North Dakota (Bakken and Three Forks formations in the Williston Basin).
Wells in this diverse region produce from both oil and natural gas reservoirs at depths ranging from 5,500 feet to 15,000 feet. The Company’s properties in Washakie produce at depths ranging from 7,500 feet to 11,500 feet. The Company’s properties in the Uinta Basin produce at depths ranging from 5,500 feet to 15,000 feet. The Company’s nonoperated properties in the Williston Basin produce at depths ranging from 9,000 feet to 12,000 feet.
Rockies proved reserves represented approximately 16% of total proved reserves at December 31, 2016, of which 85% were classified as proved developed. This region produced approximately 165 MMcfe/d or 27% of the Company’s 2016 average daily production. During 2016, the Company invested approximately $24 million to develop the properties in this region.
The numbers provided above are pro forma for the closing of Jonah, Salt Creek, South Texas and California.
Additional information regarding this asset can be found in our Emergence Presentation.