Australia’s Incremental Oil and Gas has increased its proven producing reserves by 75% to 1,021.7 MBOE1 at its Silvertip oil and gas field in Wyoming USA.
The reserves comprise 4.068 Bcf of natural gas and 343,700 Bbl of oil.
Perth-based Incremental said 27 wells were worked over in the last quarter of 2015 following detailed analysis by the company’s technical team, which resulted in production increases.
Incremental is the operator of the Silvertip Field with 100% of the working interest and will retain control of any
future development opportunities from the asset.