400 OCEANGATE STE 200 LONG BEACH, CA 90802 Get Directions
400 OCEANGATE STE 200 LONG BEACH, CA 90802 Get Directions
We are an independent energy company engaged in the exploration and development of domestic onshore oil and natural gas reserves. Our oil properties are located in California and consist of the Wilmington Townlot Unit ("WTU") and the North Wilmington Unit ("NWU") in the Los Angeles Basin. We are also one of the leading developers of coalbed methane natural gas, or CBM, in the Rocky Mountain region. As of December 31, 2010 we owned natural gas and oil interests in approximately 135,904 gross (72,996 net) acres. Currently approximately 20% of our net acreage has been developed. Our CBM operations are focused in the Washakie Basin, which comprises approximately the southeast one-third of the Greater Green River Basin in southwestern Wyoming. We are developing our California properties through directional and horizontal drilling. Also, we own natural gas and oil interests in non-strategic properties in Texas, New Mexico and North Dakota.
We seek to generate growth in oil and gas reserves, production volumes and cash flow by exploiting our existing properties through the drillbit by drilling numerous locations identified on our Rocky Mountain CBM properties and on our Wilmington units. As of December 31, 2010 we have identified a total of 200 drilling locations in our Wilmington oil field properties and 530 drilling locations in our Rocky Mountain CBM properties. In addition, in 2006 we obtained zoning approval to drill up to 540 new wells in our Wilmington field units. The following map illustrates the location of our substantial reserves and acreage. All of our natural gas and oil drilling, completion, production and land operations are conducted through our wholly owned subsidiary, Warren E&P, Inc.. Warren E&P was formed in 1973, and has offices in Casper, Wyoming and Long Beach, California.
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