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We explore for and produce natural gas, crude oil and natural gas liquids (NGL) in the Denver-Julesburg, Green River, Powder River and Uinta Basins.
U.S. Rockies — Production and Drilling Activity
U.S. Rockies natural gas production averaged 55 MMcfe/d in 2006.
Exploration and development drilling activity resulted in more than 280 gross wells in 2006. In addition, we obtained 396 permits for new coal bed methane wells in 2006, with 363 applications submitted for consideration. Most of the new wells are currently in the de-watering phase.
In 2007, we expect to drill approximately 300 gross wells in the U.S. Rockies.
U.S. Rockies - Reserves
At year-end 2006, Petro-Canada estimates of proved reserves in the U.S. Rockies, before royalties, were:
- 9 million barrels (MMbbls) of crude oil and NGL
- 145 billion cubic feet (Bcf) of natural gas
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