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Gold/Mining/Energy : Ultra Petroleum (UPL)
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To: Little Joe who wrote (4445)10/6/1999 6:05:00 PM
From: ISPYOIL  Read Replies (1) of 4851
 
Questar Highlighting Pinedale Anticline, in six months report to its stockholders, STR is" increasing its 1999 drilling and recompletion budget from $64 million to a range of $80 to $90 million- in part due to a 'major new Rocky Mountain play' that could benefit the entire corporation.
Questar Exploration and Production and Wexpro(a STR sub) have commenced a drilling program in an area known as the Pinedale Anticline in Sublette County, Wyoming."

The story goes on to say that Questar has " acquired 50% interest in the Pinedale anticline. (I think they mean in one area of the anticline). Questar E&P has a working interest of approximately 60% in 13,500 gross acres in the play, and Wexpro has a similar working interest in 2000 gross acres."
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