State Waters
Sabine Lake. We own a 50% operated working interest through a joint venture in Sabine Lake, within Texas State Waters of Jefferson County and Louisiana State Waters of Cameron Parish. During 2008, we drilled 4 gross wells, of which 3 were successful. Net production averaged 11.8 MMcfe/d during 2008. The field suffered some damage during Hurricane Ike in September 2008. Temporary repairs allowed bringing the wells back on line by October 2008, with permanent repairs to facilities and production equipment completed by year end. We currently hold interest in approximately 6,000 net acres with 70 square miles of 3-D seismic data.
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