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Last €0.17 EUR
Change Today -0.025 / -12.76%
Volume 0.0
As of 2:01 AM 07/31/15 All times are local (Market data is delayed by at least 15 minutes).
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Company Description

Contact Info

1675 Broadway

Suite 2200

Denver, CO 80202

United States

Phone: 303-794-8445

Fax: 303-794-8451

Escalera Resources Co., an independent energy company, engages in the exploration, development, production and sale of natural gas and crude oil, primarily in the Rocky Mountain basins of the western United States. The company’s production primarily consists of natural gas from two core properties located in southern Wyoming. The company has coalbed methane reserves and production in the Atlantic Rim Area of the eastern Washakie Basin, and tight gas reserves and production on the Pinedale Anticline in the Green River Basin of Wyoming. The company also holds acreage with exploration potential in the Greater Green River Basin of Wyoming and the Huntington Basin of Nevada. As of December 31, 2014, the company had estimated proved reserves of 85.8 billion cubic feet (Bcf) of natural gas and 247 thousand barrels of oil, for a total of 87.3 billion cubic feet of gas equivalent. Properties and Operations As of December 31, 2014, the company owned interests in approximately 1,200 producing wells and had an acreage position of 343,947 gross (112,219 net) acres, of which 268,820 gross (95,661 net) acres were undeveloped, which were natural gas prone basins primarily located in the Rocky Mountains. The Atlantic Rim Coalbed Natural Gas Project Located in Carbon County of south central Wyoming, the Atlantic Rim play is a 40-mile long trend in the eastern Washakie Basin, in which the company has an interest in approximately 134,800 gross (23,200 net) acres. Catalina Unit: The Catalina Unit consists of approximately 21,500 gross (13,300 net) acres that the company operates. Its Catalina wells are located in two separate Pas, such as PA (participating area) ‘A’ consists of 71 wells in which the company has an 85.53% working interest and PA ‘B’ consists of 12 wells in which the company has a 100% working interest. Eastern Washakie Midstream, LLC (EWM): The company, through a wholly-owned subsidiary, EWM, owns a 13-mile pipeline and gathering assets (EWM Pipeline), which connect the Catalina Unit with the pipeline system owned by Southern Star Central Gas Pipeline, Inc. The EWM Pipeline has a transportation capacity of approximately 125 million cubic feet per day. Spyglass Hill Unit: The Spyglass Hill Unit includes approximately 113,300 gross (9,900 net) acres in an area to the north, east and south of the Catalina Unit. The company’s working interest in the unit is approximately 8.90%. The Spyglass Hill Unit is operated by Warren. In the Sun Dog PA, the company has ownership in a total of 10,851 gross (3,102 net) acres. As of December 31, 2014, the company’s working interest was 28.59% in the 113 producing wells within this PA. In the Doty Mountain PA, the company has ownership in a total of 6,884 acres (1,840 net). As of December 31, 2014, its working interest was 22.99% in 81 producing wells in this PA, 32 of which were drilled in 2014. The company also has ownership in a total of 6,282 gross (757 net) acres in the Grace Point PA. Its working interest was 12.04% in 26 producing wells as of December 31, 2014. The Pinedale Anticline in the Green River Basin of Wyoming The Pinedale Anticline is in southwestern Wyoming, 10 miles south of the town of Pinedale. QEP Resources, Inc. operates 2,400 acres covering three separate Mesa Units in which the company holds a net acreage position of 124 acres. The Mesa Units on the Pinedale Anticline include approximately 235 non-operated wells. As of December 31, 2014, in the Mesa ‘A’ PA, there were 59 producing wells, in which the company held a 0.3125% overriding royalty interest. The company owns approximately 600 gross (1.875 net) acres in the Mesa ‘A’ PA. The operator is drilling in this PA. In the Mesa ‘B’ PA, where the company has an 8% average working interest in the shallow producing formations and a 12.5% average working interest in the deep producing formations, there were 140 producing wells that produced 1.2 billion cubic feet of gas equivalent in 2014, net to the company’s interest. The company has 600 gross (64 net) acres in the shallower formations in the ‘B’ PA, and 800 gross (100 net) acres in the deep producing formations. The final well was comp

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