FNRC
1st NRG Corp. Updates Operations
Oct 15, 2012
1st NRG agrees to acquire acreage in Niobrara Shale play.
Oct 9, 2012
1st NRG Enters into Letter of Intent to Develop Utica Shale Potential in Eastern Ohio
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Clabaugh Ranch
Outline
Clabaugh Ranch
Infrustructure
CBM Multi-Seam Completion Technique
Quality of the Acreage
Areas of Interest provided by Google Earth™ mapping service
Clabaugh Ranch
1st NRG Corp. (OTCBB: FNRC) is an exploration and production company headquartered in Denver, Colorado. The Company is currently pursuing prospective acquisitions in coal bed methane (CBM) fields in the Powder River Basin of Wyoming. We own working interests in producing and prospective CBM wells in the Clabaugh Ranch Field a development of 6,025 gross acres in the Powder River Basin in northeast Wyoming. The Powder River Basin is a major source of coal bed methane - clean natural gas.
There are 8 permitted locations on the acreage for future development which we believe will provide significant upside to 1st NRG. All of the wells drilled there have encountered developed coal seams in the Warner, Upper and Lower Smith, Wyodak/Anderson Lower, Gates and Wall formations. Wire line logging shows gross pay zones of approximately 150-200 feet. The most significant of these are the Warner, Wyodak/Andersen, and Gates coals.
We believe these multiple coal zones will be valuable. Pursuant to approval from the Wyoming Oil and Gas Commission (the “WOGC”), natural gas production is commingled from three coals in the producing wells: the Schwartz, Upper and Lower Smith, and the Wyodak/Anderson Lower. When water levels from these coal seams subside, we intend to perforate other behind pipe coal seams and begin producing from those coals as well. Using the same well bores and capital equipment (pumps, electricity, water and natural gas gathering systems) will result in lower total development costs per Mcf for the properties. We also expect cumulative recovery by simultaneous multiple seam production to be greater than single seam production and result in lower per Mcf operating costs and longer well lives.
The coal seams in the Powder River Basin that are targeted have been extensively mapped as a result of a variety of natural resource developments that have occurred in the region. Industry data from many wellbores drilled by others allows us to determine the extent, thickness, gas saturation, formation pressure and relative permeability of the coal seams. This reduces (but does not entirely eliminate) the risk of drilling unproductive wells.
1st NRG Corp. Updates Operations
Oct 15, 2012
1st NRG agrees to acquire acreage in Niobrara Shale play.
Oct 9, 2012
1st NRG Enters into Letter of Intent to Develop Utica Shale Potential in Eastern Ohio
Join our Email list
Clabaugh Ranch
Outline
Clabaugh Ranch
Infrustructure
CBM Multi-Seam Completion Technique
Quality of the Acreage
Areas of Interest provided by Google Earth™ mapping service
Clabaugh Ranch
1st NRG Corp. (OTCBB: FNRC) is an exploration and production company headquartered in Denver, Colorado. The Company is currently pursuing prospective acquisitions in coal bed methane (CBM) fields in the Powder River Basin of Wyoming. We own working interests in producing and prospective CBM wells in the Clabaugh Ranch Field a development of 6,025 gross acres in the Powder River Basin in northeast Wyoming. The Powder River Basin is a major source of coal bed methane - clean natural gas.
There are 8 permitted locations on the acreage for future development which we believe will provide significant upside to 1st NRG. All of the wells drilled there have encountered developed coal seams in the Warner, Upper and Lower Smith, Wyodak/Anderson Lower, Gates and Wall formations. Wire line logging shows gross pay zones of approximately 150-200 feet. The most significant of these are the Warner, Wyodak/Andersen, and Gates coals.
We believe these multiple coal zones will be valuable. Pursuant to approval from the Wyoming Oil and Gas Commission (the “WOGC”), natural gas production is commingled from three coals in the producing wells: the Schwartz, Upper and Lower Smith, and the Wyodak/Anderson Lower. When water levels from these coal seams subside, we intend to perforate other behind pipe coal seams and begin producing from those coals as well. Using the same well bores and capital equipment (pumps, electricity, water and natural gas gathering systems) will result in lower total development costs per Mcf for the properties. We also expect cumulative recovery by simultaneous multiple seam production to be greater than single seam production and result in lower per Mcf operating costs and longer well lives.
The coal seams in the Powder River Basin that are targeted have been extensively mapped as a result of a variety of natural resource developments that have occurred in the region. Industry data from many wellbores drilled by others allows us to determine the extent, thickness, gas saturation, formation pressure and relative permeability of the coal seams. This reduces (but does not entirely eliminate) the risk of drilling unproductive wells.
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