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Statistics and Basic Industry Information Producing Wells 3,101 Producing wells as of December 31, 2006 231 Wells drilled during 2006 Wells by Region December 31, 2006 1,530 Rocky Mountains 206 Michigan 1,365 Appalachian 3,101 Producing wells as of December 31, 2006 Production Year ended December 31, 2006 13.2 billion cubic feet of natural gas 631,000 barrels of oil Reserves December 31, 2006 279.1 bcf of natural gas 7.3 million barrels of oil Financial For the year ended December 31, 2006 $237.8 million Net Income $15.11 Earnings Per Share (diluted) 14.83 million shares outstanding (diluted) as of December 31, 2006 The oil and gas industry offers adventure, mystery, and even boosts its own language. Phrases like "Gon' Fishin", "Turning to the Right" and "Shooting a Well" take on a whole new meaning. And in this business, "Christmas Trees" are never stored in a box in the hall closet. From selecting the best location and preparing the well site to the final end usage, there are many facets to the industry. Below are a collection of articles, many written by Steven R. Williams, Chief Executive Officer and President of Petroleum Development, which may help you to discover more about the exciting world of oil and gas. To Drill or Not to Drill Preparing to Drill Turning to the Right Well Completion Cement Gathering Pipeline |
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