Oil Rig Pops Up in Sheridan County

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Oil Rig Pops Up in Sheridan County

Onshore Holdings, LLC, has set up an oil rig approximately 9 miles out of town on Highway 14 East toward Ucross.

The drilling site is named Educated Guess 11-1H, and is intended to reach a depth of 10,565 feet. It is a horizontal well, which will extend out roughly a mile. The description of proposed operations was listed as confidential on the drilling permit, which was obtained via the state's Oil and Gas Conservation Commission website.

Onshore Holdings is working under a lease originally given to Bearcat Energy, LLC, in 2010. The drilling site was approved by the Oil and Gas Commission June 10. Because the well sits on state land, a portion of any royalties will go back to the state.

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