Curzon Energy is 100% owner and operator of approximately 47,000 acres of known and tested Coalbed Methane (CBM) Gas accumulations in the Coos Bay area of Oregon
Eocene aged Coal Bed Methane Gas in Coos Bay Oregon at a depth from 4000 ft to the surface
CBM is created during the formation of coal. Methane is trapped by water within a coal seam. Relatively low cost wells are drilled into the coal seam and when the water is pumped out the coal starts releasing methane gas.
Previous operator has spent C. $37m to date and has drilled 5 wells and laid 4 miles of pipeline running from these 5 wells.
Regional Coos Bay pipeline has a capacity of 3.9 BCF/day.
Nearby wells test up to 500 Mscf/day, with an economic well being 100Mscf/day at current development costs
The Coos Bay asset contains 86 to 419 BCF of contingent resources and up to 1,000 BCF of CBM gas in-place, and an average gas content of 148 scf/ton.
Total net thickness up to 70+ ft from over 10 coal seems, and average permeability of 6 md
CBM wells are different from conventional gas wells as they tend to be cheaper to drill as are mainly a lot shallower, CBM wells also produce gas for a lot longer than conventional gas wells.