PICEANCE BASIN
- Battlement Mesa – Mesa Verde tight sand
- 10, 190 ultimate net acres
- 6 wells drilled, 3 completed, 1 rig drilling
- 2,000 feet of gas-saturated sands
- 500+ PUD, Probable Locations
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ILLINOIS BASIN
- West Shrewsbury – New Albany Shale
- 40, 000 ultimate net acres
- Offsetting Vertical Well Production
- El Paso & Quicksilver Horizontal Drilling Success
- Testing 2 horizontal wells
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EAST TEXAS SALT BASIN
- Lone Oak – Middle to Lower Bossier Sand
- 4,000 net acres
- High Rate/Reserves
- Analogous to Burlington’s Savell Field 150 MMCFPD production
- Presco-interest Parker #1 drilling
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FT. WORTH BASIN
- Barnett Shale – Largest gas play in Lower 48
- 5,300 ultimate net acres
- 200 TCFG resource potential
- Horizontal wells increase recovery 3-4 times
- Marathon, DTE, and Quicksilver drilling nearby
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ARKOMA BASIN
- Fayetteville Shale – equivalent to Barnett Shale
- 30,000 ultimate net acres
- SEECO & Chesapeake hold 1.5 MM acres
- SEECO Horizontal wells 2-3 MMCFPD
- Preparing to drill 1st well
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BLACK WARRIOR BASIN
- Floyd Shale – equivalent to Barnett Shale
- 38,000 ultimate net acres
- Play in early stages
- Testing Skuna River well 1st/2nd Quarter, 2006
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RATON BASIN
- French Ranch - Vermejo CBM
- 38,300 ultimate net acres
- 15 to 30 feet net coal
- Analogous to Evergreen/Pioneer & El Paso production
- Testing 4 ex-Westport Wells
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