the future

FOUND THIS re Leadville. Can't find info on ST OIL CO though.

Elsewhere in Utah, an Upper Mississippian Leadville gas play has been opened by ST Oil Co in the Paradox Basin north of Monticello. Gas flowed at an initial rate of 1,330,000 cu ft per day, with seven bbls of condensate and 21 bbls of water daily, on completion by ST Oil Co of its 1 Evelyn Chambers-Government discovery in northeastern San Juan County. Production is from Leadville perforated at 8118-40 ft.
The discovery, which currently is shut in awaiting a pipeline, is nearly four miles south-southwest of Lisbon field, primarily a Leadville pool. A mile northwest of the discovery, ST recently completed the 1-31 Federal as a shut-in Upper Mississippian gas producer between 8062 and 8118 ft. No production test rates were reported. The two ST producers have been designated Lisbon South field.


And this

The future of oil and gas production in Utah
Future oil and gas production estimates fall into three categories: proven reserves, inferred reserves, and undiscovered resources [*]. As described earlier, to date Utah has produced 1.24 billion barrels of oil and 7.65 trillion cubic feet of natural gas. The entire state of Utah currently has proven oil reserves of 271 million barrels (1.2% of U.S. proven oil reserves) and proven natural gas reserves of 4.6 TCF (2.5% of U.S. proven natural gas reserves) [6]. Utah's inferred or grown reserves are not publicly available, since these data are proprietary. However, using publicly available production records, field age records, and proven reserve estimates, an estimate for inferred oil and gas was derived according to the method in [7]. This estimate projects that an additional 641 MMBO and 6.08 TCF of gas will be extracted from within or immediately adjacent to existing fields in addition to the proven reserves. Thus, the total amount of oil and gas in or near the existing areas of large-scale production is estimated at 912 MMBO and 10.68 TCF respectively -- enough oil to supply the country for less than seven weeks and enough natural gas to supply the country for about five and a half months.
Undiscovered resources reflect estimates of oil and gas in areas distinct from existing oil and gas fields. The U.S.G.S. periodically provides estimates of these undiscovered oil and gas resources. The U.S.G.S. estimates are divided into areas called provinces that are defined throughout the United States. Five of these provinces extend into Utah: the Eastern Great Basin province, the Wyoming Thrust Belt province, the Southwestern Wyoming province, the Unita-Piceance Basin province, and the Paradox Basin province. Within each province, regions with potentially undiscovered petroleum resources are defined. These regions are called plays, in earlier estimates, and assessment units in more recent estimates [8, 12]. By their very nature, the existence of or quantity of any undiscovered resources cannot be known. To address this issue, the U.S.G.S. estimates are given by a range of numbers from low to high, the highest estimated values being extremely unlikely. The median value, or middle value, is used for the present estimates; there is a 50 percent probability of fewer resources than the median, as well as a 50 percent probability of more resources than the median.

Figure 8 shows a map of the amounts and locations of U.S.G.S.-estimated median undiscovered resources, in barrels of oil equivalent, including contributions from all five provinces [13, 14]. Table 1 shows the amount of oil and gas resources that are estimated to lie within the entire state of Utah, as well as the proposed wilderness area, broken down by play or assessment unit. The estimated amount of technically recoverable undiscovered resources in the entire state of Utah is 436 million barrels of oil (MMBO) and 15,668 billion cubic feet of natural gas (BCF). This is enough to supply the U.S. with oil for about three weeks, and enough gas to supply the U.S. for 8.5 months. Importantly, within the proposed wilderness area there is only an estimated 85 MMBO and 1495 BCF of gas technically recoverable and as of yet undiscovered -- this is enough to supply the U.S with oil for about 4.25 days and gas for 24 days. The undiscovered natural gas resources within the proposed wilderness area represent less than 10% of the undiscovered natural gas within the state.

Note that these estimates represent technically recoverable resources, i.e. resources producible using existing technology without regard to the economic viability of recovering the resource [8, 12]. As such, these numbers are conservative, since a large portion of these reserves will not be economically viable to extract. For example, much of the undiscovered natural gas is from unconventional formations. Unconventional formations typically call for nontraditional development practices, require substantially more drilling to extract resources, and have much smaller recovery factors than conventional natural gas formations.

Reminds me of a TV Show for GDN holders...Happy Days
... Just needs some more announcements by the FONZ and $1.50? maybe