Company Overview: Miller Exploration
Miller Exploration began exploring in the Mississippi Salt Basin in mid-1993. The exploration was entirely driven by re-processed 2-D seismic data. More recently, 3-D seismic data has been utilized in interpreting the Salt Dome play. To date, Miller Exploration has participated in wells that have multiple pay potential from 5,200-17,000 feet in nine (9) separate horizons. The exploration area is gas prone, and is associated with high potential oil and gas fields, eight of which have production over 100 BCFE. The exploration area has exceptional infrastructures allowing the wells to be put on-line in less time and at lower costs. In 1998, Miller Exploration acquired approximately 400 square miles of 3-D seismic in the Mississippi Salt Basin. The 3-D seismic provides much better definition of the edge of the salt dome, identifying prospective areas that had not been seen on the 2-D seismic, in addition to giving greater detail for proper drill site selection. To date, the 3-D seismic data has been confirmed by drilling at Midway Dome, Centerville Dome, Kola Dome, Richmond Dome, and Moselle Dome.
Stock Exchang: NASDAQ
Stock Ticker: MEXP