Dominion Power 2006 Annual Report Download - page 28

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2006 Annual ReportDOMINION 27
Dominion Conventional Acreage
Dominion E&P Offices
Natural Gas Transmission Pipelines
Natural Gas Underground Storage Pools
Dominion Cove Point LNG Facility
Cove Point LNG Facility
ane Le est irginia Office
ndiana Pennsylvania Office
LOW-COST DRILLING AT HIGH SUCCESS RATE
The cost of drilling a well in the Appalachian Basin is
relatively low, while the drilling success rate is very high:
Dominion has enjoyed a 98 percent success rate in the
region for many years.
Room for steady growth remains. Dominion has 7,000
prospective drilling sites in the Appalachian Basin, with
plans to continue drilling about 300 wells a year. Most of
these conventional wells are found in an established
reservoir, the Upper Devonian sandstone. But we have
new technology that enables us to drill deeper as well as
extract coal bed methane and other non-conventional
fuel sources if market prices provide incentives to do so.
Dominion’s Appalachian Basin assets include more than 9,000 produc-
ing wells close to premium natural gas-consuming Northeast markets.
APPALACHIAN ACREAGE WELL-POSITIONED