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
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 of Ultra Petrolum Corp. and QEP Resources Inc.
We own interests in 11 wells that were developed mid-2014 through early 2015 on our acreage. In 2015 our gross share of production from these wells averaged 5.4 million cubic feet per day of gas and 56 barrels per day of condensates and in 2016 our gross share of production averaged 2.8 million cubic feet per day of gas and 26 barrels of condensates. Our acreage has a significant inventory of undeveloped infill drilling locations.