Robert W. Wright, PRB's Chairman and CEO, noted, "This development has been much anticipated and we are looking forward to the acceleration of our drilling program in the D-J Basin. Our previously announced plan continues to call for the drilling of 70 wells during 2007."
Having commenced operations in January 2004, PRB Energy has evolved into an exploitation and gathering company with development activities in the Rocky Mountain States. The Company is vertically integrated, combining upstream exploitation and production as well as midstream gathering and processing. This model is intended to increase PRB Energy's access to and acquisition of high-potential development properties at attractive prices, delivers cost savings and provides additional revenue through the gathering of third-party gas.
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