The Bureau of Land Management has officially reversed approval of the proposed 5,750-well expansion to the Uinta Basin’s Monument Butte oil and gas field, putting the project’s future into further doubt.
USA recently announced it was selling an 85,000-acre stake in the field where it has idled at least 200 wells.
The group contends full-field development on the 120,000-acre field could unleash up to 60 million metric tons of carbon dioxide and other greenhouse gasses a year, resulting in a climate impact equivalent to that of 17 coal-fired power plants. And if Utah’s proposed Uinta Basin Railway gets built, production could increase threefold. In this light, the rescission of the Monument Butte project’s approval is hardly a speed bump in the basin’s output of hydrocarbons.
At a July gathering of industry leaders in Duchesne, he said Ovintiv was the Greater Monument Butte to an unnamed “capable buyer with a laser focus to develop that unit,” while homing its attention on Ovintiv’s remaining 130,000 acres of leases elsewhere in the basin. The 120,000-acre Monument Butte project area is largely controlled by the BLM, while 11% is on state trust land sections scattered around the field. By 2009 Monument Butte had been fully developed as an oil field, prompting Newfield to seek authorization to increase well densities beyond the customary 40-acre spacing.
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