Corporate Highlights
NNOGC’s
New Office Building is
completed and now occupied. Click on the link to view pictures.
NNOGC
has
acquired the exclusive rights to market the Texaco brand on the Navajo Nation
and the surrounding area.
Running
Horse
Pipeline
has successfully completed the multiphase internal inspection of the entire
16” pipeline.
NNOGC’s
mission includes the goal of re-establishing Navajo ownership of the
Nation’s resources.
NNOGC
collaborated with Resolute Natural Resources Company (RNRC) in the purchase of
Chevron-Texaco’s interest in the Greater Aneth Area.
NNOGC
acquired a 25% interest in the properties with rights to increase
ownership over time.
RNRC is
assisting NNOGC with the development of its production operations capabilities.
NNOGC
has
acquired three additional producing leases in Southeast Utah comprising
Tohonadla and Desert Creek fields.
In
addition to the five producing wells, these properties both have exploration and
exploitation potential.
NNOGC
has increased net production over three fold to 1,063 barrels of oil per day.
NNOGC
completed the 3D seismic evaluation of the Canal Creek exploration block in the
Fall of 2004.
NNOGC anticipates
drilling the first exploration well on the prospects defined by the seismic
program in 2006.
NNOGC
has acquired a partner, ST Oil, for the further evaluation of the Echo House
Mesa Exploration Block and is currently proceeding with the 3D seismic
evaluation of the Block.
Exploration
drilling is planned for 2006.
NNOGC is pursuing
agreements with the Navajo Nation Minerals Department and a partner for the new
exploration area focused on coal bed methane.