Virtus Oil and Gas Corporation announced Tuesday Utah's Bureau of Land Management (BLM) approved its permit to drill the Lone Pine 34-11-5 initial test well in Iron County. Energy Drilling will immediately start building the well pad and preparing the roads around Virtus Lone Pine for the arrival of Energy Drilling's Rig 8.
The Lone Pine well will be drilled to a total vertical depth of 7,000 feet this August. Drilling will take approximately five to seven days. An additional 12 to 15 days will be required to complete the initial test well after drilling operations have been concluded. The company was scheduled to spud the well on Aug. 25. Utah Business Magazine