I received a certified mail letter from IPT Well Solutions about some land we have leased. The letter states they have submitted an application for a revision to a Class II UIC well for a volume increase for the subject disposal well based on recalculations of the formation porosity. It is in Weld county CO for SESE Section 34, Township 7 North, Range 63 West.
Does this mean they are drilling and is it a good or bad thing? Thank you.