With its $76 million in private placement completed, RNCH has acquired three fields in Wyoming , namely Big Muddy, Cole Creek South, and South Glenrock B. These three fields together represent approximately 115 million barrels of recoverable oil.
The Company plans to develop the fields using CO2 injection. The energy industry has found this technique to be a very effective tool. It is often referred to as a tertiary enhanced oil recovery process that stimulates production with mature fields.
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