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In operation since 2010, the Alaska Gasline Development Corporation is leading the Alaska LNG integrated natural gas infrastructure and export project. Alaska holds America`s largest concentration of proven, conventional, but stranded gas supply. The project will move North Slope natural gas through the resource-rich center of Alaska so that Alaskans and others in the world will have access to clean and affordable energy. The Alaska LNG project is one of the important projects being built in the United States and will provide jobs and improve the trade balance with Asian countries. Alaska gave birth to the US-Japan LNG trade and now seeks to be the strategic supplier of LNG to the Asia-Pacific region.
Atlanta Gas Light Co is a Oakwood, GA-based company in the Energy and Utilities sector.
Aspen Integrated Oil and Gas is a Fort Worth, TX-based company in the Energy and Utilities sector.
Energy XXI is an independent oil and natural gas development and production company which has historically focused on development drilling on our core properties to enhance production and ultimate recovery of reserves, supplemented by strategic acquisitions from time to time. Our acquisition strategy has historically been to target mature, oil producing properties on the Gulf of Mexico Shelf and the U.S. Gulf Coast that have not been thoroughly exploited by prior operators. The Company`s properties are located on the U.S. Gulf Coast or on the Gulf of Mexico Shelf and we currently operate 91% of our proved reserves. Our geographic concentration on the Gulf of Mexico Shelf enables us to manage our operated fields efficiently and our high number of wellbore locations provides diversification of our production and reserves. By having operations in a geographically concentrated area, we can optimize and more efficiently service our operations. At March 31, 2017 our total proved reserves were 109.4 MMBOE of which 80% were crude oil and 71% were classified as proved developed reserves. We operated or had an interest in 616 gross producing wells on 439,294 net developed acres, including interests in 57 producing fields. We believe operating our assets is a key to our success and approximately 91% of our proved reserves are on properties operated by us.
Petron Energy II, Inc. continues a tradition of developing oil and gas properties in low risk areas with years of proven production history.