The well log results show the Heath Formation to be a potential producible zone and the well was drilled by the previous owner of the property.
On closing of the acquisition of the well, UnionTown intends to move forward immediately with its plan for completing the Little Montana #1 well to bring it online for production.
The company plans to test the Heath Formation, complete the well and prove production from the Heath zone.
Once the zone is proven and producing, the company said it will be able to apply its horizontal drilling technology to exploit the well to its fullest potential.
The Musselshell property comprises 7,000 acres and may support 16 horizontal drill sites with 2,000ft horizontal legs.
UnionTown is focused on the acquisition, exploration, development and production of oil and natural gas properties.
