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High Plains Gas, Inc. (HPGS)

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Last Post: 11/20/2014 4:20:52 PM - Followers: 91 - Board type: Free - Posts Today: 0



Company Profile:


High Plains Gas, Inc. ("HPG") procures, produces and markets natural gas (Methane) from the Powder River Basin in Central Wyoming. Through its solid foundation and experience in the region, HPG will pursue expansion plans both within the Basin and across the area.

Through it's wholly-owned subsidiary CEP - M Purchase LLC, High Plains owns the former Marathon Oil Corporation "North & South Fairway" assets. These assets consist of 1,614 Coal Bed Methane wells with associated flow lines and over 155, 000 net operated acres.

Additionally, HPG maintains seven active leases; Stone Pile, Reeves, Foundation Pod, RAG Pod, Mills, Grams and the Dry Fork Lease. Each lease contains multiple wells ranging in development from newly drilled to producing wells. HPG has maintained a 98% success rating across all current wells by managing geological surveys, knowledge of coal-washouts and sour methane treating techniques.

Aside from its North and South Fairway Assets, HPG maintains 92 producing wells. Fifty-six of the 92 producing wells are selling marketable natural gas. Until recently, the majority of those wells were not connected to a transmission line. By the end of 2011, all producing wells will be connected to the HPG infrastructure. As new wells are drilled, they will be connected to the HPG infrastructure within 30 days of completion.

HPG maintains growth as a core value. To achieve its growth plans, HPG owns an inventory of gas related equipment and material. Current average well depth is approximately 280 feet. At this depth, HPG owns sufficient well casing to cover 20 wells. HPG also owns 36 additional well site equipment packages. Additionally, HPG has an inventory of eight miles of 8 inch transmission line. This material, when combined with the infrastructure installation equipment provides a visible asset base to allow HPG to continue to grow production and revenue.
Central Wyoming's Powder River Basin

Share Structure:

O/S: 167,243,602 a/o May 16th, 2011
 


Company Website:  


http://www.highplainsgas.com/

 


Management:  


Mark Hettinger

Chairman of the Board

Mark Hettinger has over 30 years of experience in oil and gas construction, fabrication and process equipment. Mark founded Hettinger Welding in 1980 to provide welding and fabrication services to energy companies in Wyoming. In October 2006, after 28 years as principal owner and CEO, Mark sold Hettinger Welding. Mark remained the CEO of the Hettinger companies through 2009. Mark's vision grew Hettinger to over 1,400 employees and a 200 million plus dollar annual market share, solidifying Hettinger as one of the largest oil and gas construction firms in the Western United States. In 2009, Mark retired as CEO of Hettinger to focus on oil and gas production and is an active, managing member of High Plains Gas, Inc.


Brent Cook

Chief Executive Officer

Brent Cook has over 26 years of corporate finance and management experience in the Energy Industry. Prior to joining High Plains Gas, Mr. Cook served as CEO of Current Energy where he successfully negotiated and closed on the acquisition of the Gas Fields known as "North & South Fairway" assets of Marathon Oil Corporation located in the Powder River Basin. Prior to starting Current Energy, Mr. Cook served as Director of Raser Technologies beginning in October 2004, and as that company's CEO from January 2005 to September 2009 where he oversaw their listing on the NYSE. Mr. Cook was also a partner and employed from February 2002 to March 2005 by AMP Resources, a geothermal power generation company that sold and developed their projects to ENEL, an Italian power generation company. From 1996 to 2002, Mr. Cook developed and built Headwaters and served in various positions at Headwaters Inc., a large publicly-traded energy Technology Company, including as its Chief Executive Officer, President, and Chairman of the Board.


Joe Hettinger

Chief Financial Officer, Member of the Board of Directors

Joe Hettinger has over 10 years of experience in accounting and finance in the banking and energy industries. Joe co-authored the internal control structure for Sarbanes Oxley sec. 404 for a publicly traded bank in 2004. In 2004, Joe co-founded Rocky Mountain Development Group, Inc. where he served as the Vice President of Acquisitions and Finance through 2006. Joe became a member of the Hettinger Companies in 2007 as the Southern Wyoming Regional Manager and Director of Contract Administration. In 2008 Joe managed over 90 million dollars worth of oil and gas facility construction projects for Hettinger Companies. Joe is an active, managing member of High Plains Gas, Inc .


 

Jerri Hettinger

Jerri Hettinger is a graduate of the University of Washington where she earned a bachelor's degree in Business Administration. Jerri started her career in the oil and gas industry in 2000 with Hettinger LLC as the director of Human Resources. Since 2003, Jerri has managed all aspects of administration for High Plains Gas, Inc. including oil and gas production reporting, royalty distribution, severance tax, ad valorem tax and State and Federal mandated reporting. Jerri has considerable experience in accounting and management.



Greg Greenough

Greg Greenough started his career in the energy sector in 1983 as a Roustabout Laborer. After four years, Greg went to work for Atles Powder (Nelson Brothers) as a Blasting Technician. Several years of hard work promoted Greg to Site Manager, controlling operations at several coal mines, including Dry Fork Mine. In 2000, Greg left to join the Marathon Oil team, managing automation and measurement. During his tenure at Marathon, Greg designed well head hookups, electrical instrumentation for wells, and managed special projects. Greg's time spent in the Gillette energy sector has given him invaluable contacts as well as intricate knowledge of gas field infrastructure. Greg has been an active member of HPG since 2006 as the Operations Manager.


Al Smith

Member of the Board of Directors

Al Smith is an oil industry veteran, having worked in the sector for well over 4 decades. He is currently serving as a Geological Consultant to two Japanese companies and a Houston based oil company. From 1998 to 2003, he served as the Vice President, International Business Development for EEX Corporation where he is responsible for evaluating oil exploration and production projects in Asia and Australia. He has developed and managed many relationships with government oil companies in Indonesia, Brunei and New Zealand. Prior to his time with EEX, he worked for Pennzoil Exploration in a similar capacity where he oversaw the evaluation of exploration and development projects throughout the region and was responsible for developing and managing relationships with national oil companies and financial institutions. Mr. Smith has also held positions with Inexco Oil Company, Lear Petroleum Company, Davis Oil Company, Mountain Fuel Supply Company as well as Amoco Production Company. He has a B.S. in Geology and an M. Sc. in Geology from Brigham Young University. He is a member of the American Association of Petroleum Geologists, Rocky Mountain Association of Geologists and Wyoming Geological Association.


Gary Davis

Member of the Board of Directors

Gary Davis, the President and Founder of Kahuna Ventures LLC, 1999, a natural gas processing, treating and project-consulting firm, has well over 32 years in the natural gas space. Kahuna Ventures currently has 40 employees, including 20 engineers and 7 field construction managers or inspectors. Previous to founding Kahuna, Gary worked at Western Gas Resources, Inc. for over 14 years. His tenure included holding such positions as Corporate Controller, Sr. Vice President of Engineering & Production, Environmental and Safety, Vice President of Southern Region and Vice President of Engineering & Environmental. During his time with Western Gas, he assisted in growing a 50-employee company into a major independent mid-stream corporation with over 950 employees and a gross income in excess of $1 billion. He has extensive experience in all project functions including due diligence, site and right of way acquisition, legal, environmental and permitting, safety and operations. He has a B.S. degree from the Colorado School of Mines (CSM) in Chemical and Petroleum Refining Engineering. He is a respected expert witness and public speaker, and is the holder of two industry-related patents


Cordell Fonnesbeck

Member of the Board of Directors

Cordell Fonnesbeck is the owner and founder of his own public accounting firm, Cordell Fonnesbeck, CPA, P.C. since 1991. It is located in Casper Wyoming and caters to small and medium sized clients in the Casper and central Wyoming area with an emphasis in tax compliance, tax planning and accounting services. He has practiced accounting for more than 39 years. From 2005 - 2009, he was the accountant for High Plains Gas, LLC, which was the predecessor to High Plains Gas, Inc. He holds a B.S. degree in Accounting from Utah State University and is a licensed Certified Public Accountant in California and Wyoming. He has been a Member of the American Institute of Public Accountants since 1974.


Projects:     



NORTH AND SOUTH FAIRWAY ASSETS


Through its wholly-owned subsidiary CEP-M Purchase LLC, High Plains owns the former Marathon Oil Corporation North and South Fairway Assets. These assets consist of 1,614 Coal Bed Methane wells with associated flow lines and over 155,000 net acres.


Asset Highlights

  • Current Production: ~17,000 Mcfpd - Gross/~13,600 Mcfpd-Net from 493 active wells
  • Over 1,600 Coal Bed Methane Wells
  • Acreage Position: 155,000 Net Acres ( >90% Held by Production )
  • Average Working Interest: 97%
  • Average Net Revenue Interest: 80%

Upside Potential

  • Up hole recompletions
  • ~40,000 undeveloped acres
  • Deeper coal potential

Upside Potential

  • Up hole recompletions
  • ~40,000 undeveloped acres
  • Deeper coal potential
  • Multi zone completions

HPG has developed a 600 well recompletion plan for the property to begin in December 2010 which is projected to produce an additional 15,000 Mcf per day when complete. HPG will also drill an additional 350 wells within the Fairway leases. The Company is also actively working with gas marketing and compression firms to set additional compression capacity to handle their aggressive recompletion program in the North and South Fairway Assets.

 

DRY FORK PROJECT


HPG has secured the lease rights comprising the Dry Fork Project, and has drilled seven wells on this lease. These completed wells are currently in the de-water phase with three wells beginning to show gas.  Other wells drilled and maintained by HPG in this area have produced marketable gas for over seven years.  High Plains maintains secure control of all gas flow around the Dry Fork Project as well as to and from the Project.  HPG also has current permitting approval for the Dry Fork Project.



Wyoming's Powder River Basin contains approximately 33 trillion cubic feet of recoverable natural gas, of which the Dry Fork Project will capture an estimated  37 billion cubic feet.


 

Dry Fork Project :: Phase I


HPG has drilled seven wells on the Dry Fork lease as the initial step of the Dry Fork project.  These wells have been enhanced via hydrolysis. These wells are de-watering at a rate of 588,000 gallons per day each.  Three wells have begun to show methane, and de-watering has been controlled to maximize gas collection.  All seven wells are connected to the HPG infrastructure so that all produced gas is transmitted to a point of sale.


Phase I will be comprised of 70 new wells.  Drilling will begin in August 2010.  Well drilling time is three days per well drilling rig at a schedule intended to minimize cost and maximize revenue.  HPG will run 2 to three rigs until all 70 wells are drilled.  Drilling will be completed in May 2011.


 

Dry Fork Project :: Phase II

Dry Fork Project Phase II is a continuation of Phase I comprising of 83 new wells.  The drilling program is scheduled to begin in November 2011.  Well drilling time is three days per well at a schedule intended to minimize cost and maximize revenue.  HPG will run 2 to 3 rigs until all 83 wells are drilled with drilling to be completed in June 2012.

 

 

GRAMS and MILLS GILLETTE


There are a total of 57 wells in the Grams and Mills Gillette fields, with ten more wells to drill and an additional four wells in the permitting process. Seven wells have been recompleted and re-enhanced with seven more wells scheduled to begin the recompletion program. High Plains has also replaced 18 water pumps on the property as part of its unique re-enhancement plan. Production from the Grams and Mills Gillette fields was 120 Mcfpd (thousand cubic feet per day) at the time of acquisition, and has increased to 800 Mcfpd to date. All natural gas produced in these fields and delivered to the point of sale is sold at a hedge price of $5.20/MMbtu until the end of 2010. Successful re-enhancement activities have increased production on the Grams and Mills Gillette an average of 129% on wells with prior production. High Plains is proceeding with its re-enhancement activities in these fields to further increase production.

  HPGS - Daily Candlesticks  

Press Release/Filing History:   

Date Time Source Headline Symbol   Company
06/06/2011 5:21PM Form (3) Initial Statement of Beneficial Ownership OTCBB:HPGS    
06/06/2011 5:05PM Form (4) Statement of Changes in Beneficial Ownership OTCBB:HPGS    
06/06/2011 4:23PM Form (4) Statement of Changes in Beneficial Ownership OTCBB:HPGS    
06/06/2011 4:20PM Form (3) Initial Statement of Beneficial Ownership OTCBB:HPGS    
06/06/2011 4:16PM Form (4) Statement of Changes in Beneficial Ownership OTCBB:HPGS    
06/02/2011 1:54PM EDGAR Additional Proxy Soliciting Materials (definitive) (DEFA14A) OTCBB:HPGS    
06/02/2011 1:13PM Form (8-K) Current report filing OTCBB:HPGS    
06/01/2011 6:48PM PRNUS High Plains Gas Announces Date and Location of Annual Meeting OTCBB:HPGS   High Plains Gas
06/01/2011 9:00AM PRNUS Acquisition Update: High Plains Gas Amends PSA Agreement With J.M. Huber Corporation OTCBB:HPGS   High Plains Gas
05/19/2011 6:04AM EDGAR Proxy Statement (definitive) (DEF 14A) OTCBB:HPGS    
05/18/2011 3:32PM EDGAR Amended Annual Report (10-K/A) OTCBB:HPGS    
05/17/2011 11:04AM PRNUS High Plains Gas Announces Filing of First Quarter 2011 Earnings OTCBB:HPGS   High Plains Gas
05/16/2011 2:47PM Form (10-Q) Quarterly Report OTCBB:HPGS    
05/10/2011 9:25AM PRNUS High Plains Gas Announces Well Reactivations Moving Forward Faster Than Anticipated OTCBB:HPGS   High Plains Gas
05/06/2011 11:12AM PRNUS High Plains Gas Amends Purchase and Sale Agreement Related to Huber Energy Acquisition OTCBB:HPGS   High Plains Gas
05/04/2011 4:51PM EDGAR Securities Registration: Employee Benefit Plan (S-8) OTCBB:HPGS    
04/18/2011 1:47PM Form (8-A12G) Securities Registration (section 12(g)) OTCBB:HPGS    
04/18/2011 9:03AM MWUS High Plains Gas Announces 2010 Year End Results OTCBB:HPGS   High Plains Gas
04/18/2011 6:08AM EDGAR Amended Annual Report (10-K/A) OTCBB:HPGS    
04/18/2011 6:08AM Form (10-K) Annual Report OTCBB:HPGS    
04/01/2011 2:00PM MWUS High Plains Gas Announces Purchase and Sale Amendment and Extension Related to J.M. Huber Acquisition OTCBB:HPGS   High Plains Gas
04/01/2011 11:45AM Form (8-K) Current report filing OTCBB:HPGS    
03/30/2011 2:47PM EDGAR Proxy Statement - Other Information (preliminary) (PRE 14C) OTCBB:HPGS    
03/24/2011 5:22PM Form (8-K) Current report filing OTCBB:HPGS    
03/15/2011 2:44PM EDGAR Amended Current report filing (8-K/A) OTCBB:HPGS    
03/15/2011 1:57PM Form (8-K) Current report filing OTCBB:HPGS    
03/15/2011 1:08PM Form (8-K) Current report filing OTCBB:HPGS    
03/15/2011 12:58PM Form (8-K) Current report filing OTCBB:HPGS    
03/01/2011 3:16PM Form (8-K) Current report filing OTCBB:HPGS    
02/24/2011 9:00AM MWUS High Plains Gas Reworks Injection Facility Valving System to Yield Positive Results OTCBB:HPGS   High Plains Gas
02/18/2011 10:58AM MWUS High Plains Gas Inc. Symbol Does Not Change OTCBB:HPGS   High Plains Gas
02/17/2011 10:31AM MWUS High Plains Gas Announces New Methane Gas Compressor Station OTCBB:HPGS   High Plains Gas
02/16/2011 12:04PM MWUS High Plains Gas Announces Brent M. Cook as Chief Executive Officer OTCBB:HPGS   High Plains Gas
02/14/2011 7:12PM Form (8-K) Current report filing OTCBB:HPGS    
02/08/2011 6:04AM Form (8-K) Current report filing OTCBB:HPGS    
02/07/2011 8:30AM MWUS High Plains Gas Enters Into a Definitive Purchase and Sale Agreement to Acquire J.M. Huber's Coal Bed Methane Natural Gas Assets OTCBB:HPGS   High Plains Gas
02/03/2011 12:05PM Form (8-K) Current report filing OTCBB:HPGS    
02/01/2011 5:12PM MWUS High Plains Gas Provides Update on Recent Renovation Work and December Revenue Increase of 22% OTCBB:HPGS   High Plains Gas, Inc.
02/01/2011 11:32AM MWUS High Plains Gas Appoints Three Additional Members to the Board of Directors OTCBB:HPGS   High Plains Gas
01/28/2011 9:35AM MWUS High Plains Gas Completes Grams & Mills Field Renovation OTCBB:HPGS   High Plains Gas
01/25/2011 8:30AM MWUS High Plains Gas Provides Update on Kingsbury & Barker 8 Field Renovations OTCBB:HPGS   High Plains Gas
01/24/2011 1:21PM Form (3) Initial Statement of Beneficial Ownership OTCBB:HPGS    
01/24/2011 1:16PM Form (3) Initial Statement of Beneficial Ownership OTCBB:HPGS    
01/19/2011 2:54PM MWUS High Plains Gas Announces Ticker Symbol Change to "HPGS" OTCBB:HPGS   High Plains Gas

Contact:

Investor Relations Agency Contact: Lippert/Heilshorn & Associates, Inc. Becky Herrick Email: BHerrick@LHAI.com (415) 433-3777

Transfer Agent: Empire Stock Transfer Inc. Corporate Office: 1859 Whitney Mesa Dr Henderson, NV 89014 Tel: 702.818.5898 FAX: 702.974.1444


 
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PostSubject
#7271   Hey thanks for answering, I don't mean any 1 million 11/20/14 04:20:52 PM
#7270   sorry, I didn't mean to be sarcastic. Just valleyview 11/20/14 03:10:57 PM
#7269   u must own shares,why the constant sarcasm,.... 1 million 11/20/14 10:38:57 AM
#7268   holy moly !! 1500% up .. you guys valleyview 11/19/14 09:48:20 PM
#7267   Where is this vol coming from uther3055 11/19/14 03:06:59 PM
#7265   Up 900% ... you guys are making some $$ valleyview 11/06/14 10:43:48 PM
#7264   omg ... down 95% now @ .0001 valleyview 10/29/14 10:35:49 PM
#7263   Thanks for the info at least we know uther3055 10/29/14 12:13:50 PM
#7262   http://trib.com/business/energy/the-last-man-in-cbm-ed-presley-s-effort-to/artic mommykat 10/27/14 08:50:42 AM
#7261   wow !! up 900% you guys are making valleyview 10/22/14 08:32:27 AM
#7260   +900% upticknewswire 10/21/14 10:20:50 PM
#7259   omg ... down 90% ..now .0002 not valleyview 10/18/14 04:38:48 AM
#7258   I don't know about anyone else but I moneym8ker 09/25/14 01:17:51 PM
#7257   It needs to go up another .05 for uther3055 09/18/14 10:18:16 AM
#7255   wow !! this went up 1900% everyone valleyview 09/18/14 08:18:21 AM
#7254   Ironridge = Toxic Financing for HPGS Jukimol 09/17/14 10:28:57 PM
#7253   Nah nah nah nah uther3055 09/16/14 11:27:15 AM
#7252   I called scottrade being I viewed no bid/ask 1 million 09/15/14 02:03:02 PM
#7251   Looks like all buys uther3055 09/12/14 02:32:46 PM
#7250   just where does any of it come from, 1 million 09/11/14 11:12:59 AM
#7249   Another trade uther3055 09/11/14 11:08:09 AM
#7248   this looks to be finished imo. Complete incompetence valleyview 09/11/14 07:15:46 AM
#7247   Do you suspect any other penny percentage change 1 million 09/10/14 04:10:25 PM
#7246   It's trading on the Grey Market Tier. At this moneym8ker 09/10/14 02:13:27 PM
#7245   I was going to ask the same,would like 1 million 09/09/14 02:52:53 PM
#7244   How is this still trading uther3055 09/09/14 12:59:26 PM
#7243   Let's see.... moneym8ker 09/08/14 11:37:51 AM
#7242   lights out I guess. Damn .. another one valleyview 08/22/14 07:49:47 AM
#7241   Order postponing hearing and scheduling prehearing conference: mommykat 08/21/14 07:51:26 AM
#7240   "Answer of High Plains Gas" - response mommykat 08/21/14 07:49:22 AM
#7239   Malone: We need oil, gas well bonding reform now cautiousinvesting 08/20/14 12:39:57 AM
#7238   Happy days ahead let's get trading uther3055 08/14/14 09:56:35 PM
#7236   12K SEC reinstatement cautiousinvesting 08/14/14 01:08:27 PM
#7235   hope your loss is not too great. Looks valleyview 08/13/14 08:13:39 AM
#7234   This price has been frozen,no volume,cant even trade 1 million 08/12/14 10:14:09 AM
#7233   hate to say it but .... valleyview 08/09/14 08:27:57 AM
#7232   So what does this new filing mean? uther3055 08/06/14 10:00:35 AM
#7231   Oh well there goes $100 uther3055 07/31/14 11:52:56 AM
#7230   About time. Peggy 07/31/14 09:38:06 AM
#7229   HPGS SEC Suspension: Renee 07/31/14 09:35:06 AM
#7228   Great news it's about time lets hope that uther3055 07/30/14 08:24:21 AM
#7227   Finally some positive PR and look what happens... cautiousinvesting 07/29/14 08:31:01 PM
#7226   HPGS Execs are utterly failing their investors and moneym8ker 07/24/14 12:14:26 PM
#7225   The problem hasn't been in negative press, but cautiousinvesting 07/16/14 06:08:02 PM
#7224   For sure, it's not exactly good publicity, in mommykat 07/16/14 03:38:50 PM
#7223   Was I the only one who just got cautiousinvesting 07/16/14 01:14:46 PM
#7222   I think if they are able to put uther3055 07/16/14 10:20:13 AM
#7221   Definitely!! Now they can put their GAZMO mommykat 07/16/14 09:59:35 AM
#7220   I think this is the shot we need uther3055 07/16/14 09:30:50 AM
#7219   State gives CBM operator 4 months to turn mommykat 07/16/14 08:34:06 AM
PostSubject