The recent news that a geophysical contractor is carrying out seismic exploration in the Golden Valley area of Sacramento Valley in Mohave County [right, marked by red pin. Credit Googlemaps], reminds me that I blogged about Vanterra Energy's plans for that area back in 2009 - http://arizonageology.blogspot.com/2009/09/deep-oil-test-planned-near-kingman.html
Vanterra Energy which owns oil and gas leases in the area may have "farmed out" their acreage to another company that would earn an interest in the acreage by funding seismic and drilling a well to 12,000 ft.
My post in 2009 stated:
Forest Gate Energy announced today a partnership with Vanterra Energy and plans to drill a deep exploratory oil well in the Sacramento Valley of Arizona, southwest of Kingman.
The press release said, "Forest Gate and Vanterra are planning to drill an 11,000 foot well targeting the Navajo sands at 6000 feet, the Mississippian carbonates at 9,160 feet, and the Devonian carbonates at 10,160 feet.. A drill site has been selected using the results of a seismic program acquired by Phillips Petroleum in 1981 and subsequently licensed to Vanterra."
Forest Gate said they have run geochemical and geophysical surveys over the prospect. They compared the target as similar to the Grant Canyon oil field in Nevada [above, generalized geology of oil fields in Railroad Valley, NV, based on work done by Don French], which occurs in a block of Paleozoic sediments, down-dropped along a basin-bounding fault and perpendicular block faults.