Oil & Gas Operations in the Mid-Continent and Colorado’s Piceance Basin

Coachman Energy Operating Company (CEOC) currently manages oil and gas operations across approximately 200,000 gross net mineral acres (NMA) in the Mid-Continent’s Central Kansas Uplift in Nebraska and Kansas, as well as approximately 3,000 gross NMA in Western Colorado’s Piceance Basin. Our current acreage position boasts significant running room with multiple years of drilling inventory.

Significant Running Room, Multiple Years of Drilling Inventory

Mid-Continent / Central Kansas Uplift

The Central Kansas Uplift (CKU) is a conventional, multi-reservoir, stacked-play geologic province that has produced prolific amounts of oil for almost 100 years, predominantly from the Lansing-Kansas City and Arbuckle formations. Southwestern Nebraska (SWN) is a conventional, multi-zone, stacked-play geologic area that is an extension of the CKU into Nebraska with production predominately from the Lansing-Kansas City formation. COEC’s Mid-Continent acreage currently features over 140 geologically prospective drilling locations in Kansas and Nebraska.

CEOC’s combined Kansas and Nebraska development program currently forecasts drilling upwards of fifty wells in 2017 based on strengthening oil prices, significant reduction in drilling and completion expenses gained through operational efficiencies, and a large inventory of drillable locations.

Piceance Basin, Western Colorado

The Piceance Basin spans approximately 7,000 square miles of Colorado’s Western Slope. The basin is best known as the home of the world’s largest deposit of oil shale, a precursor to oil and gas, which cannot yet be produced economically. However, the basin is a prolific producer of potentially economic unconventional oil and gas. The southern portion of the basin is virtually saturated with natural gas, with reserves ranging from 60 to 120 billion cubic feet per square mile. The economics of these predominately gas wells are highly dependent upon natural gas and natural gas liquid (NGL) prices.

CEOC’s Piceance Basin operations currently includes eleven wells producing from the Williams Fork Formation and one well producing from the Mancos B.