t of the Wind River Basin. In total, the company owns an approximate 16.67% working interest in 734.25 acres on the Madden Anticline that potentially could be included in the Madden Sour Gas PA. The company also owns interests, which are restricted in depth and size, in approximately 12,000 additional acres on the Madden Anticline. The Moxa Arch and Other Areas in southwest Wyoming The company participates in development drilling on the Moxa Arch and other areas within southwest Wyoming. The company has interests in approximately 350 wells in this area. Strategy The company’s objective is to increase long-term shareholder value by profitably growing its reserves, production, revenues, and cash flow. To meet this objective, the company primarily focuses on: selectively pursuing acquisitions and mergers; investment in and enhancement of existing production wells and field facilities on operated and non-operated properties in the Atlantic Rim; continued participation in the development of tight sands gas wells at the Mesa Units on the Pinedale Anticline; and pursuit of high quality exploration and strategic development projects with potential for providing long-term drilling inventories that generate high returns. Customers The principal products produced by the company is natural gas and crude oil. These products are marketed and sold primarily to purchasers that have access to nearby pipeline facilities. Its major customer includes Summit Energy, LLC. Seasonality The company has entered into various financial derivative instruments for a portion of its production, which reduces its overall exposure to seasonal demand and resulting commodity price fluctuations. Regulations Examples of U.S. federal agencies with regulatory authority over its exploration for, and production and sale of, crude oil and natural gas include the following: The BLM and the Bureau of Ocean Energy Management, Regulation and Enforcement (BOEMRE), which under laws such as the Federal Land Policy and Management Act, Endangered Species Act, National Environmental Policy Act and Outer Continental Shelf Lands Act have certain authority over its operations on federal lands, particularly in the Rocky Mountains; the Environmental Protection Agency (EPA) and the Occupational Safety and Health Administration, which under laws such as the Comprehensive Environmental Response, Compensation and Liability Act, as amended, the Resource Conservation and Recovery Act, as amended, the Oil Pollution Act of 1990, the Clean Air Act, the Clean Water Act, the Occupational Safety and Health Act and the recent Final Mandatory Reporting of Greenhouse Gases Rule have certain authority over environmental, health and safety matters affecting its operations; and the Federal Energy Regulatory Commission, which under laws such as the Energy Policy Act of 2005 has certain authority over the marketing and transportation of crude oil and natural gas. History Double Eagle Petroleum Co. was founded in 1972. The company was incorporated in Wyoming in 1972 and reincorporated in Maryland in 2001.
double eagle petroleum co
Denver, CO 80202
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