Spanning multiple counties, the PRB is known for its shallow formations, making drilling cost-effective. Over the years, improvements in horizontal drilling and hydraulic fracturing have boosted production. The Wyoming Geological Survey provides key insights into the basin’s geology, highlighting its potential for long-term resource development.
Whether you’re an experienced mineral owner or new to oil and gas royalties, the Powder River Basin offers significant opportunities to generate ongoing income. The region’s combination of rich reserves and technological advancements ensures that your investment will continue to perform well over time.
The Powder River Basin is a prime location for strategic development due to its favorable geology, advanced drilling techniques, and proximity to key pipelines and transportation routes. Energy companies operating in the basin continue to explore new ways to enhance recovery, ensuring that the basin’s full potential is realized for years to come.
Our goal is to keep you well-informed and confident every step of the way. Here’s a brief overview of our process…
I was pleasantly surprised by how smooth and easy the process was. I would definitely recommend Paint Rock Royalty to my family and friends who are looking to sell their mineral rights.
We send you a proposed Mineral & Royalty Deed for your review. Once you approve, sign, and notarize the deed, we proceed to the next step.
After you send us a digital copy of the signed and notarized deed, keep the original until you receive payment confirmation.
Below are some common questions about the Powder River Basin and the opportunities it offers to mineral rights owners and investors.
As of August 2024, the Powder River Basin in Wyoming produced approximately 281,000 barrels of oil per day, accounting for 74.4% of Wyoming’s total oil output.
Anschutz Exploration is the largest producer in the Powder River Basin, with a daily oil production of 44,000 barrels as of February 2024. Other significant operators include EOG Resources and Continental Resources.
The primary geological formations targeted for oil extraction in the Powder River Basin include the Upper Cretaceous Mowry Shale and the Niobrara Formation. These formations are rich in hydrocarbons and have been the focus of recent drilling activities.
Historically, gas occurrences in the Powder River Basin were rare. However, the development of coalbed natural gas (CBNG) in the late 1990s and 2000s transformed the basin into a significant natural gas-producing region, with peak production exceeding 584 billion cubic feet in 2009.
In September 2024, a federal judge blocked new oil drilling permits for a significant development project in Wyoming’s Powder River Basin. The ruling cited inadequate assessment of the project’s impact on groundwater supplies by the U.S. Bureau of Land Management
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