Third Quarter 2009 Operational Update Joe Jaggers Fred Barrett Bob Howard President and COO Chairman and CEO CFO and Treasurer Piceance Basin, Colorado November 3, 2009 Investor Relations contact: Jennifer Martin…
Highlights Fred Barrett Chairman and CEO Strong third quarter operating performance Record quarterly production of 22.8 Bcfe drives increase in full year guidance to 88-89 Bcfe Continued operating cost improvements drive lower LOE…
Third Quarter 2009 Summary Results Bob Howard CFO and Treasurer (Unaudited) Year-over-year Sequential 3Q '09 3Q '08 Variance 2Q '09 Variance Production (Bcfe) 22.8 19.6 16% 22.1 3% Capital expenditures (mm) 85.9 196.8 -56% 131.6 -35%…
Financially Well-Positioned Bob Howard CFO and Treasurer Bank credit facility commitments restored to 592.8 million Current liquidity 572.8 million Low debt : 32% book, 24% total capitalization Solid hedge positions support cash…
Development Update Joe Jaggers President and COO Piceance Basin, Colorado Gibson Gulch Three rigs operating, plan 115-120 wells in 2009 Currently producing 102 MMcfe/d (net) YE exit rate 107 MMcfe/d Uinta Basin, Utah West…
Delineation and Exploration Update Joe Jaggers President and COO Paradox Basin, Colorado Yellow/Green Jacket Concluded drilling & completion for 2009 Seven horizontal wells producing 5.7 MMcf/d (gross) Recent two wells producing 4…
Takeaway comments Fred Barrett Chairman and CEO Operations execution will deliver double digit production growth while living well within cash flow Looking ahead to 2010 Continued low-risk growth from development portfolio Strong…