Niobrara, Fort Hays, and Codell
Morning Gun Exploration has recently partnered with one of the largest independent natural gas producers in the nation to develop our operated position in Weld County, Colorado. The development project has highway and county road access, a nearby crude oil terminal, and gas pipeline crossing the acreage, oil and water infrastructure being built out within miles of the acreage, and nearby drilling being done by other prominent basin operators with top tier economics. The project is located in rural Weld County, far away from suburban areas and associated political risk. The project is defined by high resistivity in multiple formations. Nearby horizontal drilling has proven Niobrara members, Fort Hays, and Codell sands oil and gas productive. We intend to continue the development of this project with our long-term partners, landowners and mineral owners in the DJ Basin.
Central Utah Thrust Belt
Genesis Prospect
Twin Creek and Navajo Targets
In 1880, Dr. I. C. White generated a theory that earth folds were responsible for the accumulation of oil and gas in large quantities. His anticlinal theory of oil and gas accumulation was based on surface observations of geology in sedimentary basins. That theory has proven fundamental to oil and gas development with far-reaching importance around the earth. Over the last 140 years, his theory has proven true time and time again, resulting in the discovery of some of the worlds' largest oil and gas fields.
With the advent of horizontal drilling and further understanding of source rock reservoirs, publicly traded companies have focused on capital-intensive horizontal drilling - oil farming. Exploration and prospecting in new territories have been left to the pioneering risk-takers, the bold and daring, adventurous people with strong character willing to take a long chance on opening up a large new oil pool. Morning Gun Exploration continues to generate low cost-of-entry wildcat projects and our latest project, the Genesis Prospect will be available for review in the Fall of 2023.
The Genesis prospect is a vertical drilling project in the Central Utah Overthrust Belt. The project is a high-risk, high-reward rank wildcat test for large light oil reserves within a large 2D seismic, surface, and subsurface geology-defined anticline within the thrust belt. Morning Gun Exploration has acquired its leasehold in an area where there is no wild scramble for oil and gas leases. The Genesis prospect is located in an unproven, untried, and untested area; it is speculative and can only be described as true wildcatting. This project is expected to be available for viewing at the end of September of 2023. If you are interested in reviewing this project, please contact us to schedule a technical review.