Info

Warren Resources, Inc. (Warren) is an independent energy company engaged in the exploration and development of domestic onshore oil and gas reserves. The Company focuses primarily on the exploration and development of coalbed methane (CBM), natural gas properties located in the Rocky Mountain region and on its horizontal drilling, waterflood and tertiary oil recovery programs in the Wilmington field within the Los Angeles Basin of California. As of December 31, 2007, it owned natural gas and oil leasehold interests in approximately 230,738 gross (129,555 net) acres, approximately 90% of which are undeveloped. Substantially all its undeveloped acreage is located in the Rocky Mountains. The Company has identified approximately 1,200 drilling locations on its acreage in the Rocky Mountains, primarily on 80-acre well spacing. In addition, it has identified approximately 450 drilling locations in its Wilmington field units.(Source: 10-K)