Laramie Energy's business focus is on unconventional gas resource plays, primarily in the principal Rocky Mountain basins of Colorado, Utah, Wyoming, and New Mexico.
Unconventional gas resource plays are highly concentrated accumulations of hydrocarbons, either in sub-surface formations across a broad areal extent or vertically in thick rock formations. Once identified, they have relatively low geological and commercial development risk.
The application of appropriate technology and program execution are the keys to unlocking value from resource plays. Resource play developments occur through multi-year drilling programs in large scale developments that repeat common tasks in an assembly-line fashion and capture economies of scale to drive down costs. Unlike most conventional exploration and development, resource plays are relatively predictable in timing, costs, production rates and reserve additions and can provide steady long-term reserves and production growth. Furthermore, unit development and operating costs usually decrease with time.
Laramie Energy's primary focus is on basin-centered, tight gas sand and shale resource plays found in continuous gas accumulations. The following diagram illustrates the geologic setting of this type of gas resource play.
Laramie Energy's primary operations are in the Piceance Basin of Western Colorado, where it is currently developing a basin-centered, tight sand gas play in Garfield and Mesa Counties, Colorado through its affiliate, Piceance Energy, LLC.The Uintah and Piceance Basin Province