BLUE CHIP OIL

Blue Chip Oil, Inc. is an independent Colorado Corporation, privately owned, oil and gas company founded in October of 1984 by Timothy S Hager. Blue Chip Oil, Inc. is engaged in the exploration for, acquisition, development, and production of crude oil and natural gas. Since it's inception, Blue Chip has been an oil and gas operator in Colorado and is engaged in daily oil and gas property operations and management. The company's current activities are principally conducted in the Wattenberg Field of Colorado's Denver Julesburg Basin. One of the most attractive features of Wattenberg is the presence of multiple formations. In a drilled section only 4500 ft. thick there may be as many as 8 producing formations. At least three, the Niobrara, Codell, and J Sand are considered blanket zones. This makes drilling in Wattenberg relatively low risk from the perspective of finding oil and gas reserves with around 98% of the wells drilled encountering sufficient reserves to be considered economic..

Also known as: Blue Chip Oil, Inc.

Primary location: Fort Collins United States