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A large majority of the swaps are in the second and third quarters of the year where it is estimated that approximately 70 percent of the company's natural gas production is hedged.
The Uinta Basin, located in northeastern Utah, has produced 577 MMbbls since itsdiscovery in 1949 and is characterized by naturally fractured, tight oil sands with multiple zones. Ouroperations are primarily focused on developing the Altamont Field (including the Bluebell and CedarRim fields), which is the largest field in the basin.
The Uintah Basin, also spelled Uinta Basin, is a physiographic section of the larger Colorado Plateaus province, which in turn is part of the larger…