PRB plans 300 CBM wells in Wyoming

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.

July 7, 2006

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).