High Plains Gas Completes Grams & Mills Field Renovation
January 28 2011 - 9:35AM
Marketwired
High Plains Gas, Inc. (OTCBB: HPGS) ("HPG" or "the Company"), a
Gillette, Wyoming-based energy company actively engaged in the
acquisition, development and production of natural gas primarily in
the Powder River Basin, today announced a progress report for their
Grams and Mills field renovation plans.
HPG completed the re-enhancement of this field in January 2011.
With the renovation completed, the company believes that it can
maintain an average gas production above 600 Mcf per day for 3 to 5
years without further investment in the wells. The field sold 686
Mcf on January 21, 2011 as compared to 565 Mcf on August 31, 2010,
an increase of 21.4% from the rework of four of the Grams wells and
six of the Mills field wells. The rework was completed in a timely
fashion and at minimal cost to the company.
Greg Greenough, VP of Operations for High Plains Gas, commented,
"We are pleased to have completed the renovation and increased our
production capacity in this field. Even amidst very cold
temperatures and harsh weather conditions, we still saw a
significant increase in production from these wells as compared to
what they were producing this past summer, indicative of our
success in our renovating initiatives. We look forward to updating
our investors as more renovations are completed."
ABOUT HIGH PLAINS GAS
High Plains Gas, Inc. is a Gillette, Wyoming-based energy
company actively engaged in the acquisition, development and
production of natural gas primarily in the Powder River Basin.
Through its wholly-owned subsidiary CEP - M Purchase LLC, the
Company owns the former Marathon "North & South Fairway"
assets. These assets consist of 1,614 Coal Bed Methane Wells with
associated flow lines and over 155, 000 net acres. This combined
with the company's existing 92 natural gas wells gives the company
a strong foundation in the natural gas industry. High Plains Gas
will pursue expansion opportunities for the profitable production
and transmission of natural gas. High Plains Gas believes it has
unique expertise and experience in the refurbishment and
reactivation of wells that produce natural gas from coal bed
methane formations that helps position it strategically in the
Powder River Basin.
SAFE HARBOR STATEMENT
Statements made about our future expectations are
forward-looking statements and subject to risks and uncertainties
as described in our most recent filings made with the US Securities
and Exchange Commission, and are subject to change at any time. Our
actual results could differ materially from these forward-looking
statements. We undertake no obligation to update publicly any
forward-looking statement.
Contact High Plains Gas, Inc. P.O. Box 1564 Gillette, WY
82717 (307) 686-5030 Email: ir@highplainsgas.com
www.highplainsgas.com Investor Relations American Capital
Ventures Howard Gostfrand (305) 918-7000 info@amcapventures.com