Wysak Energy (fka WYSK)

[02opida]

Gas & Oil
Wysak Inc. continues to explore and evaluate fossil fuel properties through North America. Only those properties with the greatest possibility of success are considered for development by the company. Presently, four land parcels have been selected for further exploration; these are located in the State of Wyoming.

Coal Bed Methane Leases
Wysak Petroleum has two Coal Bed Methane (natural gas) leases located on the eastern side of the Powder River Basin. This region has an estimated 40 trillion cubic feet of Coal Bed Methane. Numerous large petroleum exploration and development companies conduct operations in this basin area, they include firms such as Devon Energy, Williams and Western Gas.

Coal Bed Methane in Wyoming
Presently, over thirteen thousand wells are producing over 26,000,000 thousand cubic feet (Mcf) of coal bed methane in the state
Map of Wyoming - Click to enlarge
of Wyoming. Nearly all this activity is in the Powder River Basin area. Reserves in the Powder Basin are estimated at over 40 trillion cubic feet, the equivalent of a year's consumption for the entire U.S. Nearly 100 wells are being drilled each week, and the gas companies say the entire 8 million-acre basin could have 50,000 to 100,000 producing wells before they are finished. Much of this CBM is located less than five thousand feet deep. This play is the largest onshore development for natural gas in North America within the last ten years.


Oil & Gas Leases
Wysak secured its first two federal government leases in western Wyoming. Both leases are located in active, oil and natural gas rich basins. The first 600-acre lease is centered in the Green River Basin region. This is one of the most active fossil fuel areas in the state of Wyoming. Major exploration and development firms operate all around Wysak's Green River lease. Operators include Exxon Mobile, Duke Energy, and Williams Gas.

The second lease is found in the northern section of Wyoming, in the Bighorn River Basin. The Bighorn Lease is a 776-acre land parcel nestled along the western edge of the Basin.

About Wyoming Oil & Gas
At the beginning of 2002, Wyoming ranked second in the United States in proved reserves of natural gas and seventh in proved reserves of crude oil. Collectively over 26,000 wells produced 54.7 million barrels of oil and 1.75 trillion cubic feet of natural gas in 2002. Proved reserves of natural gas were at an all time high of 18.4 trillion cubic feet, while proved reserves of crude oil were 489 million barrels.