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SOCO forms Niobrara venture. (Snyder Oil Corp.)
PR Newswire
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September 4, 1990
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COPYRIGHT 1990 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group.
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SOCO FORMS NIOBRARA VENTURE
FORT WORTH, Texas, Sept. 4 /PRNewswire/ -- Snyder Oil Corp. ("SOCO") (NYSE: SNY) announced that a definitive agreement had been reached under which Pennzoil Exploration and Production Co. ("Pennzoil"), a subsidiary of Pennzoil Co., will purchase a 37.5 percent interest in SOCO's Pawnee Project. The project incorporates a 143,000 net acre position in the Niobrara Trend of northern Colorado and southern Wyoming. The Niobrara is a vertically fractured chalk formation widely believed to be highly prospective for horizontal drilling. The ...
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