ADVANCED TECHNOLOGIES FOR STRIPPER GAS WELL ENHANCEMENT

As part of Task 1 in Advanced Technologies for Stripper Gas Well Enhancement, Schlumberger--Holditch Reservoir Technologies (H-RT) has joined with two Appalachian Basin producers, Great Lakes Energy Partners, LLC, and Belden & Blake Corporation to develop methodologies for identification and enhancement of stripper wells with economic upside potential. These industry partners have provided us with data for more than 700 wells in northwestern Pennsylvania. Phase 1 goals of this project are to develop and validate methodologies that can quickly and cost-effectively identify wells with enhancement potential. We have continued to enhance and streamline our software, and we are testing the final stages of our new Microsoft{trademark} Access/Excel based software. We are continuing to process this well data and are identifying potential candidate wells that can be used in Phase 2 to validate the new methodologies. In addition, preparation of the final technical report is underway