Areas of Operation

Our core areas of operations are in the Central Appalachia in Basin of Virginia and West Virginia and the Black Warrior and Cahaba Basins in Alabama. The Central Appalachian Basin is a mountainous region where coal mining is prevalent. The Black Warrior and Cahaba Basins are hilly, gently rolling regions and coal mining is also present but less active. In addition to the areas listed below, we have non-producing properties in Canada which we are not currently operating or developing.

Central Appalachia

In the Central Appalachian Basin, we have an interest in approximately 400 wells, (350 net) most of which we operate. In Central Appalachia, we are party to six firm transportation agreements with total maximum daily quantities of approximately 54,000 MMBtu per day and primary terms expiring through November 2024 which can be automatically extended from time to time at the maximum tariff rate. In some cases, our gas sales volumes are delivered to market under transportation agreements controlled by our working interest partners. Generally, our gas sales volumes are sold at a delivery point into the respective interstate pipeline system utilized.

Black Warrior and Cahaba Basins

In the Black Warrior and Cahaba Basins in Alabama, we have an interest in approximately 700 wells, (300 net) most of which we operate. Our gas sales volumes from the Black Warrior Basin are delivered and sold into the Southern Natural Gas pipeline system under transportation arrangements controlled by the operators of the properties. Our gas sales volumes from the Cahaba Basin are delivered and sold into the Southern Natural Gas pipeline system.