PRB plans 300 CBM wells in Wyoming

July 7, 2006
PRB Energy Inc. plans to drill 300 Moyer coalbed methane (CBM) wells on 29,500 acres it has acquired from Pennaco Energy Inc., a Marathon Oil Corp. subsidiary, in the Powder River basin in Wyoming. Moyer is a Paleocene Fort Union coal.

By OGJ editors
HOUSTON, July 7 -- PRB Energy Inc. plans to drill 300 Moyer coalbed methane (CBM) wells on 29,500 acres it has acquired from Pennaco Energy Inc., a Marathon Oil Corp. subsidiary, in the Powder River basin in Wyoming. Moyer is a Paleocene Fort Union coal.

The acquisition includes 630 CBM wells, fewer than 200 of which are on line and producing 2.5-3 MMcfd of gas. PRB is the principal gas gatherer for these wells.

PRB also soon will close its $1 million purchase of Storm Cat Energy Corp. (SCU) natural gas gathering assets, including 70 miles of gathering lines near Recluse, Wyo. (OGJ Online, Jan. 27, 2006).