Double Eagle Petroleum Co., Denver, (Nasdaq: DBLE) has reported its proposed 2011 drilling program. Focusing on the two major fields in which the company has interests, it is expected that Double Eagle will participate in as many as 75 development wells and six exploratory wells.
In the Atlantic Rim, the company expects the resumption of developmental drilling in the Catalina, Sun Dog and Doty Mountain units with a potential of up to 60 new production wells.
Additionally, dependent on the company's assessment of existing seismic and related production data, Double Eagle anticipates one to six Niobrara exploratory wells may be drilled. The company currently has approximately 94,000 gross (70,000 net) acres with Niobrara potential, including 60,000 gross (37,000 net) acres in the Atlantic Rim.
Double Eagle anticipates 16 new Pinedale Anticline wells to be drilled in the Mesa Units in 2011.
The finalization of the 2011 drilling program and capital expenditure budget will be submitted for review and approval by the board at a later date.
Double Eagle has assets in the Pinedale Anticline and Niobrara trend in Wyoming.
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