1st NRG Corp., an independent energy company, engages in the exploration, development, and production of natural gas properties in the United States. The company holds interests in the Clabaugh Ranch Field comprising 42 coal bed methane wells covering an area of 6,025 gross acres located in the Powder River Basin in northeast Wyoming. The company holds a working interest in Fee, State, and Federal oil and gas leases. Reserves As of December 31, 2011, the company’s internal estimation of proved reserves included 1,832,752 Mcf. History 1st NRG Corp. was founded in 1988. The company was incorporated in Delaware in 1988.