Good day,
are you guys aware of any rigs in San Juan or Rio Arriba counties, NM?
any deep shale permits in the last 3-6 months in the area?
No rigs running right now, but a little bit of permitting activity
Not a whole lot in the last 6 months though
We own interests in the Mancos & NW Lybrook Units out here. They were drilled 2013 and have changed operators multiple times since then, the current operator is Enduring Resources. Unfortunately they cut off the Mancos wells in April, and choked back the Lybrook wells significantly as well.
Between price of oil, as well as issues with nearby Indian reservations, and operator bankruptcy’s there’s plenty of uncertainties. Depending on where your located there is great rock out that way, it’s all just a matter of the basin is continued to be developed in the future!
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