Lions Petroleum (fka LPET)

[december]

Company Snapshot
Western Gas Resources, Inc. engages in the exploration, development, production, gathering, processes, treatment, transportation, and marketing of natural gas and natural gas liquids (NGLs). The company operates in four segments: Gathering, Processing and Treating; Exploration and Production; Transportation; and Marketing. The Gathering, Processing and Treating segment owns and operates natural gas gathering, processing, and treating facilities in primary gas-producing basins in the Rocky Mountain, Mid-Continent, and west Texas regions of the United States. The Exploration and Production segment explores for, develop, and produce natural gas reserves primarily located in the Powder River, Greater Green River, San Juan, and the Sand Wash Basins. The Transportation segment reflects the operations of the company's MIGC, Inc. and MGTC, Inc. pipelines. The Transportation segment transports residue gas for third parties. The Marketing segment buys and sells natural gas and NGLs in the United States and Canada. As of December 31, 2005, the company had proved reserves of approximately 921 billion cubic feet equivalent. Western Gas Resources, Inc. was founded in 1971 and is headquartered in Denver, Colorado.