Piceance and Uinta Basins
Operations
Piceance and Uinta
Caerus’ current operations are focused on the Piceance and Uinta Basins where we operate over 7,400 producing wells and hold a substantial undeveloped acreage position with over 5,300 future drilling locations. Caerus has 1P Reserves (SEC) of approximately 2.5 Tcfe of natural gas and daily production of approximately 600 million cubic feet.
Caerus owns approximately 680,000 net acres of leasehold within the Piceance and Uinta Basins, with an an additional 36,000 net mineral fee acres and 10,000 net royalty interest acres.
Caerus employs approximately 298 employees in its offices in Denver, Parachute, Colorado and Vernal, Utah.
Significant Drilling Inventory and Reserve Potential
Focused on conventional gas supported by significant HBP land position
Daily Production Rate
600 MMcfe
1P Reserves (SEC)
2.5 Tcfe
Gas%/ PUD%
92%/19%
Drilling Locations (2P)
5,300
2P Reserves
15.2 Tcfe
Net Acreage (Q2 2021)
680,000
HBP (%)
90%
Statistics
Infrastructure
2,400 Miles
Gas and Water Gathering and Distribution Pipelines
3.5 MM Barrels
Water Storage Capacity
6 & 12
6 Water Treatment Facilities and 12 Water Storage Facilities
Total Acreage
36,000
of Owned Minerals.
Proved Reserves (strip) | Bcfe
926,000
Gross Acreage
Production | MMcfe/d
680,000
Net Acreage
Net Acreage | M
*Based off preliminary estimates as provided by seller for XTO acquisition