Atlantic Rim
The Atlantic Rim encompasses over 270,000 acres in Carbon County, Wyoming, in an area that averages about 10 miles in width and runs nearly 40 miles from north to south from Rawlins, Wyoming, to just east of Baggs, Wyoming. Double Eagle has interests in 99,500 gross (46,700 net) acres in the Atlantic Rim. During 2010, total net natural gas sales from all of our producing properties in the Atlantic Rim was 6.7 Bcfe, representing 73% of our 2010 natural gas equivalent sales volume.
Catalina Unit
The Catalina Unit is the federal unit that Double Eagle operates and encompasses 21,725 acres. The Company currently has a 72.4% working interest in this unit. As of December 31, 2010, we operated 70 CBM wells in the Catalina Unit which averaged approximatley 14.7 MMcf/day net to our interest during 2010. Gas content of the coal is high, and permeability is excellent. We have the potential to drill and operate over 180 additional wells in the Unit, resulting in approximately 101 net wells to the Company. During 2011, the Company plans to drill up to 20 developmental wells in this unit.
Doty Mountain Unit
Double Eagle has an 18.00% working interest in the Doty Mountain Unit, which produced a total of 635 MMcf of gas (net) to the Company in 2010. The operator of Doty Mountain, Anadarko Petroleum Corporation, operates 60 producing wells. In 2010, the operator added additional compressor capacity which led to a monthly production increase of approximately 65% as of December 31, 2010.
Sun Dog Unit
Double Eagle has a 21.54% interest in the Sun Dog Unit which produced approximately 726 MMcf of gas (net) to the Company in 2010. The Sun Dog Unit, also operated by Anadarko, currently has 144 producing wells.
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