CH4

Transaction Type
Sellers
Post Date
Estimated Price
MM
Description

NEW, Fort Worth, Texas-based CH4 Corp. and its subsidiaries, CH4 Energy LLC and Swanson Drilling Co., have retained Scotia Waterous Inc. to sell the companies. CH4 Energy's primary assets are coalbedmethane in the Powder River Basin of Wyoming. Swanson Drilling's assets include drilling and workover rigs specifically designed to drill and complete coalbedmethane wells in the basin. The sale includes total net reserves of more than 116 billion cubic feet of gas with more than 1,500 identified well sites and a large leasehold position of approximately 84,000 gross acres (50,000 net). November 2005 net production from these properties was approximately 5.3 million cubic feet of gas per day. Swanson Drilling owns four customdesigned drilling rigs, a completion rig and one trailer-mounted completion unit. For more information, contact Ronnie Nutt, 713-437-5068.