By OGJ editors
HOUSTON, Dec. 16 -- Teton Energy Corp., Denver, has approved a $12 million 2006 capital budget focusing on drilling in two Rocky Mountain areas.
It plans to participate in 20 wells on 6,000 gross acres northwest of Grand Valley field in the Piceance basin held by Piceance Gas Resources LLC, in which Teton acquired a 25% interest this year (OGJ, May 2, 2005, p. 58).
Teton also plans at least five wells starting in the first quarter of 2006 in 192,000 acres in which it holds a 100% interest in the eastern Denver-Julesburg basin.
