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Home > Company Index > Energy > Oil & Gas Exploration & Production > Pennaco Energy, Inc.

Pennaco Energy, Inc.
AMEX: PN
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 PROFILE
Pennaco Energy drills the methane-rich coalbeds of the Rocky Mountains for natural gas. The company has drilled more than 400 net coalbed methane wells in the Powder River Basin, which straddles northeastern Wyoming and southeastern Montana -- and is drilling even more. The wells are between 350 and 1,500 ft. deep and relatively inexpensive (between $60,000 and $80,000 total per well). Pennaco has proved natural gas reserves of 195.4 billion cu. ft. It gets its production to market through third party gas gathering and compression systems operated by Bear Paw Energy, Kinder Morgan, and Western Gas Resources. Pennaco and CMS Oil and Gas are in a venture to own and operate wells on much of Pennaco's acreage.

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 FINANCIAL OVERVIEW
1999 Sales (mil.): 4.60
1-Yr. Sales Growth: 4,500.0%
Employees: 60
Revenue per employee: $76,666.67

 KEY PEOPLE
• Paul M. Rady
    CEO
• Glen C. Warren
    CFO

 CONTACT INFO
1050 17th St., Ste. 700
Denver, CO 80265
US
Phone: 303-629-6700
Fax: 303-629-6800
Online: Web Site

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