Papers - Unitization - Salt Creek (Rocky Mountain Unitization Committee)

This is a brief account of the history of unit operation in the Salt Creek field, Wyoming, from the time of the agreement to prorate production in March, 1921, to the present. An attempt has been made to evaluate the savings in development and production costs resulting from the unit plans adopted. Summarized, these savings have amounted to $11,650,000. No effort has been made to estimate any increase in ultimate recovery, for it is believed that unit operation can be justified on saving in development and production costs alone. It would require nearly 20,000,000 barrels of additional oil to be produced in order to return the amount saved by not drilling unnecessary wells. Four horizons are affected by unit or near-unit programs, as follows: The principal operator is under contract with six companies to operate 10,400 acres. This includes all of the productive area of the First Wall