Geology and Mineral Resources
The valley floor is underlain by Paleozoic and Mesozoic sedimentary rocks that form a structural basin. The stratigraphy is similar to that in adjacent basins such as the Green River Basin to the west and the Denver Basin to the east.
Petroleum has long been produced from anticlinal traps of the Muddy Sandstone (Cretaceous) at North McCallum and South McCallum oil fields. In 2007, North Park produced 96 thousand barrels of oil and 1.3 billion cubic feet (BCF) of natural gas from 153 wells. In 2008 EOG Resources announced great success in drilling and completing horizontal oil wells in the Cretaceous Niobrara Formation.
Read more about this topic: North Park (Colorado Basin)
Famous quotes containing the word resources:
“I always put these pert jackanapeses out of countenance by looking extremely grave when they expect that I should laugh at their pleasantries; and by saying Well, and so?—as if they had not done, and that the sting were still to come. This disconcerts them, as they have no resources in themselves, and have but one set of jokes to live upon.”
—Philip Dormer Stanhope, 4th Earl Chesterfield (1694–1773)