Billion-barrel Utah oil field?

Firm with small find thinks it’s just the edge of the lake

A tiny oil company from Michigan has struck oil in central Utah, but it may be years before anyone knows whether the discovery produces another "one field wonder" or results in a series of major finds that could help reduce the nation’s dependency on foreign crude.

Wolverine Gas & Oil Corp. is producing approximately 1,500 barrels of crude per day from two wells just outside of Sigurd. The company, though, believes its discovery 130 miles south of Salt Lake City eventually will point the way to a billion barrels or more of oil in the area.

"I honestly expect that we’ll find another 10 fields out there and that this is going to be a billion-barrel province," said Doug Strickland, exploration manager for the Grand Rapids-based Wolverine. "The potential is enormous."

By Steven Oberbeck
The Salt Lake Tribune

Full Story: http://www.sltrib.com/business/ci_2714390