Coalbed methane producer Evergreen Resources is planning a third, four-well pilot project in Alaska this year to test deeper coals at its Pioneer Unit north of Anchorage.
The company said in a Feb. 27 conference call that “rig limitations” prevented the company from testing the deeper coals at Pioneer last year.
Evergreen also said it hopes to prove up enough gas reserves by year-end to launch first production.
“The goal is to have (sufficient) established proven reserves and be on-line by the end of year, depending on gas quality and how fast we can get hooked up,” Evergreen CEO Mark Sexton said.
The company said it plans to spend $7-to $8 million in Alaska this year, compared to $6 million in 2002.
