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GSX | Gasco Energy | Profile | Summary
Gasco Energy, (GSX) is an independent oil and gas company focused on developing natural gas deposits in the U.S. Rocky Mountain region and, exploring for oil in the San Joaquin Basin, California.
Gasco's SEC-defined proved reserves at year-end 2010 were approximately 42.5 billion cubic feet of natural gas equivalent, comprised 94% of natural gas and 100% of the quantities are proved developed. The Company operates over 100 producing wells in its core Riverbend Project in the Uinta Basin, Utah.
Unita Basin
Uinta Basin holds the largest underexploited natural gas resources in the Rocky Mountain region, according to the Potential Gas Committee of the Colorado School of Mines.
The Uinta Basin holds 50.8 Tcf of conventional and tight resource and 60.2 Tcf of shale gas resource. Which is #1 in the Rockies in both categories. Uinta is benefiting from application of new technologies proven in other basins.
San Joaquin Basin
California Exploration Project comprises of 29,206 gross acres in San Joaquin Basin. GSX has secured drilling partners for further exploration. The California property is situated near the Midway?Sunset and Belgian Anticline oil fields.OxB20110722©
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