From production reports submitted and processed as of September 17, 2015
Houston-based EOG Resources (NYSE: EOG) is one of the largest independent oil and gas companies in the United States. The company – which has holdings in the Williston Basin; the Barnett Shale; the Marcellus; and the Eagle Ford, among others – entered Utah’s Uinta Basin in the early 2000s.
The Fortune 500 company has reserves throughout the U.S., as well as in Canada; Trinidad and Tobago; the United Kingdom; China; and Argentina. According to current estimates, more than 86% of the company’s 2012 total production was in North America.
Kerr-McGee was founded in Oklahoma in 1929 and spent several decades focused on offshore drilling and exploration in the Gulf of Mexico before expanding to onshore exploration and production. Texas-based Anadarko Petroleum Corporation (NYSE: APC) purchased Kerr-McGee in 2006 for $16.5 billion shortly after Kerr-McGee announced plans to drill 600 new wells in Colorado and Utah.
Anadarko currently has more than $600 million invested in oil and gas development in Utah and has paid more than $600 million in taxes, royalties, and salaries since it entered the Uinta in 2007. The company was instrumental in working with the Bureau of Land Management and the Environmental Protection Agency to establish standards and develop plans to minimize air pollution associated with natural gas development in the Uinta Basin.
QEP Resources, Inc. (NYSE: QEP) is an independent natural gas and crude oil company that was spun off of Salt Lake City-based natural gas company Questar Corporation in 2010. The company, which is headquartered in Denver, Colorado, focuses primarily on two U.S. regions: the South, which includes activity in Oklahoma, Texas, and Louisiana; and the North, which includes holdings in Wyoming, Colorado, and Utah.
In addition to its Utah exploration and production services, QEP is a partial owner of two major gas-gathering facilities in Utah. The company owns 38% of Uintah Basin Field Services, LLC and 50% of Three Rivers Gathering, LLC.
The largest producer of crude oil in Utah, Newfield Exploration Company (NYSE: NFX) has been a major presence in the Uinta Basin since 2004. Newfield’s Utah holdings include nearly 18,000 producing wells in Monument Butte Field, pumping a total of around 25,000 BBLs daily.
The independent energy company – which is headquartered near Houston, Texas – has invested more than $1.7 billion in its Utah holdings. In late 2011 and early 2012, Newfield signed long-term contracts to supply two Salt Lake City-based refineries with a combined 38,000 BBLs of oil per day.
Newfield Exploration Company was founded in 1988 and operates in three regions in the U.S.: onshore Texas, Mid-Continent (Oklahoma), and the Rocky Mountains (Utah and North Dakota).
Bill Barrett Corporation (NYSE: BBG) is a Denver-based oil and gas exploration company that focuses on exploration and production in the Rocky Mountain region of the U.S. The company’s primary assets are located in Colorado, Wyoming, and Utah.
Most of the Bill Barrett Corporation’s activities in Utah are centered on the Uinta Basin. Since 2011, the company has steadily stepped up its drilling activities in Utah, particularly in the Altamont-Bluebell field, which produces high-quality “black wax” and “yellow wax” crude oil.
Founded in 2004, Resolute Energy Corporation (NYSE: REN) owns 43,000 gross acres in Utah’s Paradox Basin, including working interests in Aneth Field, McElmo Creek, and Ratherford. Resolute currently owns 391 gross producing wells; 114 gross water injection wells; and 213 gross CO2 injection wells in Aneth Field.
Resolute places a strong emphasis on oil production, and the Denver-based company acquired its holdings in Aneth Field in 2004 and 2006. In 2010 and 2011, Resolute expanded into the Bakken and the Permian Basin.
In 2012, the Denver-based company produced an estimated 13,107 BBLs of oil per day. In 2010 and 2011, Resolute expanded into the Bakken and the Permian Basin.
Wolverine Gas and Oil Corporation made international headlines after its 2004 discovery of Utah’s Covenant Field, which was the largest U.S. onshore discovery in 30 years. The company currently produces and sells more than 200,000 BBLs per month from the Covenant discovery alone.
In addition to its holdings in Utah, Wolverine Gas and Oil Corporation has a significant presence in the Prairie du Chien, Niagaran, and Antrim formations in its home state of Michigan.
Formed in 1986 in Fort Worth, Texas, XTO is a private oil and natural gas company with operations spread out over more than 260,000 acres in Utah. The privately held Fortune 500 Company – which merged with ExxonMobil in 2010 – has offices in Orangeville and Roosevelt, Utah. In 2012, the company paid more than $17 million in taxes to the state of Utah. XTO has also invested approximately $445,000 in various Utah community, educational, and nonprofit organizations.
XTO also owns interests in approximately 40,000 producing wells across the United States, including holdings in Utah, Montana, Pennsylvania, Louisiana, Texas, and Ohio.