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Pinedale Anticline

The Pinedale Anticline is in southwestern Wyoming, 10 miles south of the town of Pinedale. Questar operates 2,400 acres in the Mesa Unit in which we hold a net acreage position of 110 acres. The Mesa Field on the Pinedale Anticline includes 130 non-operated wells, which produced approximately 22% of our total production for 2009.  Both Questar Corp. and the Bureau of Land Management (BLM) have estimated that over 20 Tcf could be recovered from the Pinedale Anticline.

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As of December 31, 2009, in the Mesa “A” PA, there were 22 producing wells, in which we hold a 0.312% overriding royalty interest. Our net acre position is at least 1.875 net acres under a gross of 600 acres in the “A” Participating Area.

In the Mesa “B” PA, where we have an 8% average working interest in the shallow producing formations and a 12.5% average working interest in the deep producing formations, there were 74 producing wells that produced 1,302 MMcfe in 2009, net to our interest. We have a net acreage position of 64 net acres under a gross of 800 acres in the shallower formations in the “B” Participating Area, and 100 net acres under a gross of 800 acres in the deep producing formations. Seventeen, of the 74 wells came on-line for production during the second, third and fourth quarters of 2009.  As of December 31, 2009, we were also participating in the drilling of 16 additional wells, which are expected to be completed during the second, third and fourth quarters of 2010.  

In the Mesa “C” PA, where we have a working interest of 6.4%, in 2009 34 wells produced 756 MMcfe, net to our interest. We have 65.27 net acres under a gross of 1,000 acres in the “C” Participating Area. 

Operation Highlights

  • Double Eagle has invested more than $17 million over the past two years into development of its properties in the Pinedale Anticline
  • Pinedale reserves totaled 30.0 Bcfe as of December 31, 2008 (1)
  • 2008 production totaled 1.5 Bcf of natural gas and 14,674 Bbls of oil, representing an increase of 107% from 2007.
  • 20 new production wells expected to be complete in 2009

(1) Prepared by Netherland, Sewell & Associates, Inc.

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