Overview of Operations
Double Eagle Petroleum holds interest in over 406,000 gross (140,000 net) acres, of which 65% is undeveloped in what we believe to be natural gas prone basins of the Rocky Mountains. Our holding includes acreage in the Washakie Basin, Powder River Basin, Greater Green River Basin and the Wind River Basin.
Reserves (1) $154.2 Million PV-10 Value (1) 900+ Future Drilling
Locations (1) Based on 12/31/2011
Reserves at SEC Pricing.
At December 31, 2011, we owned interests in over 1,200 producing wells. We are the operator at two fields; our flagship project at the Catalina Unit in the Atlantic Rim and a Waltman well in the Wind River Basin. In other fields, we’ve joined with strong industry partners such as Anadarko Petroleum Corporation, ConocoPhillips, and QEP Resources, Inc. In 2011, our production volumes were 98% natural gas.