East Resources

East Resources, Inc. (East), was established as a Pennsylvania Corporation in 1983. Today, the company has offices in Warrendale, Pennsylvania, Parkersburg, West Virginia, Allegany, New York, and Denver, Colorado and operates as an independent oil and gas producer in Pennsylvania, West Virginia, New York, and Colorado employing approximately 205 office and field personnel.

The company's first operating properties were drilled in 1984 in Warren and Indiana Counties, PA. Several key acquisitions of both acreage and producing properties led East to expand its operations into McKean County, PA, and West Virginia, most notably its acquisition of certain Pennzoil assets in the Appalachian Basin in 2000. With five current waterflood projects as a part of its over two thousand active wells, East is the largest oil producer in the Appalachian Basin, producing 3,500 barrels of oil daily. East is one of the basin's most active exploration and production companies and expects to drill over 300 wells in 2005. The company is an aggressive land and leasing company and currently holds approximately 1,000,000 acres of oil and gas rights in the Appalachian Basin.

East, along with industry partners, is one of the most active explorers for deep Appalachian gas reserves in the Ordovician Black River gas play of south central New York. East was responsible for the discovery of three separate fields in the Watkins Glen area and had acquired over 250,000 acres of leasehold rights in the play by 2001. East sold its interests in these producing fields and nearby acreage in late 2002, but remains active in the play, exploring acreage retained after the sale. The company has been credited with the discovery of five new fields since 2002 in the Elmira, New York area and continues to actively develop its acreage position, now estimated at nearly 75,000 acres.

East is also an owner of Northern Pipeline Company, LLC. Northern Pipeline Company owns approximately 400 miles of gathering lines which stretch from the Butler-Clarion County, PA line north to the New York state line, traveling through Clarion, Forest, McKean, Venango and Warren Counties. East also owns approximately 100 miles of gathering lines from the Butler / Clarion County line south through the Pittsburgh area to the Pennsylvania-West Virginia border, plus 60 miles of gathering lines in Lancaster, Chester, and Delaware Counties, PA. The pipelines have been critical in marketing East's production and carry ever-increasing volumes of gas as other operator's begin to utilize the system's capacity. East is an owner in two natural gas processing facilities in Northern Pennsylvania, currently capable of processing over 20.0 million cubic feet of gas daily for itself and other producers.

East's West Virginia operations include a 5,200-customer public natural gas utility, serving homes and businesses all over the state. East currently utilizes over 1,000 miles of gathering and utility lines to both serve these customers and gather its other gas production. In early 2004, East opened an exploration office in Denver, Colorado. The company successfully participated in three U.S. Bureau of Land Management lease sales in Colorado and Utah in 2004, and along with other key private acreage acquisitions, has leased nearly 175,000 acres of prospective oil and gas properties in the Greater Rocky Mountain Region. East began its first exploratory drilling play in Wyoming in July, 2005.