Our company, through its subsidiaries, is the owner of non-operated working interests in certain developed and undeveloped oil and gas mineral leases in Pinedale field area, Sublette County, Wyoming, U.S.A. that total 11,994 acres (1,680 acres net). Our properties are operated by subsidiaries and affiliates of Ultra Petrolum Corp. and Oak Ridge Natural Resources, LLC
At year-end 2017, our company had gross proved reserves of approximately 43.7 billion cubic feet of gas and 434 thousand barrels of oil (46.3 billion cubic feet equivalent); 77% undeveloped. Our acreage has a significant inventory of undeveloped vertical infill and horizontal drilling locations.
Management believes that natural gas is the fuel of the future. We are uniquely positioned with our assets to participate in the growth of this sector