Wyoming’s Powder River Basin Points Reveals Growth Opportunities for Innocent Inc. (INCT)
Opportunity of particular interest to Innocent is The Powder River Basin of Wyoming, where the objective oil-bearing formations are less than 2,500 feet below the surface. There are, however, other prospective areas in Wyoming and South Dakota the company focuses on as well. In general, prospects will be direct offsets to former production or to wells with very good oil and gas shows. The expected lower API gravities of the oil will require secondary recovery via water, gas, or other floods including steam or fire flooding. Additionally, new methods of radial horizontal drilling in the reservoirs will be utilized. General…