July 3, 2014

Cover Story

CEO of the Year

Utah’s business landscape is rich with professionals who have le...Read More

Featured Articles

Did you go Skiing this winter?

Around Utah

Sections

Spotlight
Martin Plaehn

Spotlight
Karen Sendelback

Legal Briefs
Social Media and Employers: Friends or Enemies?

Money Talk
The Case for HSAs

Economic Insight
Time to Show Up

Lessons Learned
Make a Move

TechKnowledge
In the Lab

EntrepreneurEdge
Rent to Own

Business Trends
Back from the Dead

Living Well
Artful Inspiration

Features
A Breath of Fresh Air

Features
Worst-Case Scenario

Regional Report
Northern Utah

Focus
Measure Up

Industry Outlook
Travel & Tourism

Players
Players

Article

Virtus Oil and Gas Corporation Moving Forward with Parowan Project

Press Release

July 3, 2014

Parowan – Houston-based Virtus Oil and Gas Corporation announced it has entered into an agreement with Houston-based Seismic Exchange, Inc. to purchase approximately 30,360 acres of 2D seismic data, enabling the company to initiate phase one of its exploration program in the Parowan area.

The acquired seismic data will provide the company a greater understanding of the sub-surface geology and aid its geologists to select the optimal location to drill its first well. Virtus' Parowan Project includes more than 55,477 acres targeting the Central Utah Overthrust region of southwestern Utah.

"We are very excited about receiving the additional seismic data in the Parowan project area,” said Dr. Robert Benson, exploration director at Virus. “This is a key step in delineating the areas of potential reservoir and for fine tuning our future exploration activity. Once this additional data is incorporated into our existing interpretation, we will proceed with acquiring additional proprietary seismic data to define drillable locations that will optimize our probability of success."

The company’s current focus on the Parowan Project is consistent with Virtus' strategy to acquire and develop oil and gas resources in proven, onshore basins in the United States.

Utah Business Social
UB Events View All
CXO of the Year 2015Utah Business Event
Jun 25, 2015
Utah Business Magazine along with Stoel Rives - are proud to present the 2015 CXO of the Year Awa...
Fast 50 - NOMINATIONS OPENUtah Business Event
Aug 27, 2015
NOMINATIONS OPEN -- Deadline June 26, 2015 Nomination Forms The top 50 companies will be se...
Job Summit - POSTPONED UNTIL FALL 2015 Utah Business Event
Sep 24, 2015
NOTE: The date listed below is not secured. We will update as the event gets closer. Thank you ...
Community Events View All
SANDLER MANAGEMENT SOLUTIONS
May 22, 2015
Looking for a way to manage your team systematically and effectively? Sandler Management Solutio...
Mac OS X Support Essentials
May 22, 2015
Using Apple Certified Curriculum, Mac OS X Support Essentials is a hands-on course that provides ...

info@utahbusiness.com  |  90 South 400 West, Ste 650 Salt Lake City, Utah 84101   |  (801) 568-0114

Advertise with Utah Business

Submit an Event

* indicates required information
* Event Name:
Price (general):
Website (if applicable):
Coordinator's Name:
Coordinator's Email:
Coordinator's Phone:
Venue Name:
Venue Address:
Venue City:
Venue Zip:
Event Capacity:
Date(s):
to
* Event Description:
  Cancel