OPERATIONS | Overview
Denver-based Gasco Energy (NYSE Amex: GSX) is an independent exploitation and production company focused on developing tight gas sands in the United States Rocky Mountains. The Company’s primary project is in the prolific hydrocarbon-bearing Uinta Basin of Utah. SEC-defined proved reserves at December 31, 2008 were 53 Bcfe, 100% of which were in Utah, 96% were natural gas and 100% were proved developed.
Gasco's properties are located near major pipelines in the Rocky Mountains. Questar's 20-inch diameter system passes through Gasco's Riverbend Project. Additional gas deliverability is available to markets on both U.S. coasts through several interstate and intrastate pipelines including: Colorado Interstate Gas, Northwest Pipeline, El Paso Natural Gas, Questar, the Pony Express Pipeline, Trailblazer Pipeline, TransColorado, the expanded Kern River Pipeline and the recently in-service Rockies Express. Additional pipeline infrastructure construction projects are in various phases to help continue to meet the demand for growing Rockies natural gas volumes.
Gasco also owns or controls leasehold in the Greater Green River Basin of Wyoming, San Joaquin Basin in California and in exploratory areas of Nevada. |
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