Our core area of operations is in one of the most prolific and active areas of the continental United States; the Denver Julesburg (DJ) Basin, Colorado.
The DJ Basin is a 70,000 square mile hydrocarbon-rich area extending over northeast Colorado into southeast Wyoming and southwest Nebraska. More than 52,000 wells have been drilled in the DJ with an extensive inventory of development and upside potential remaining. Recent reported successes with horizontal drilling and multi-stage hydraulic fracture completions in the Niobrara have ignited a new wave of activity and brought substantial potential to this area. The DJ Basin offers several competitive strengths; lower cost development, low lifting costs, long lived production and reserves, existing gathering/processing/transportation infrastructure in place and a well established service sector presence.
GWOG has been extremely successful in growing our asset base in these areas and plans to further build on our position through acquisitions and joint venture partnerships.