Dominion Commemorates 2,000th Well Completion
in Sonora Field
HOUSTON - Dominion Exploration & Production, Inc. (Dominion
E&P), a subsidiary of Dominion (NYSE:D), today celebrated the drilling of
the 2,000th well within the Sonora Field in west Texas. The celebration also
marked Dominion E&P's surpassing the field's production target of 200 million
cubic feet per day.
A luncheon was held at the Sutton County 4-H Center in Sonora
for Dominion executives and employees, industry partners, state and county officials
and representatives, royalty and mineral owners.
"Our Sonora asset base is an integral component of the
company's long lived onshore reserve development strategy. We have been very
active in this field since 1994 and I look forward to continuing our successful
operations for many more years," noted Duane Radtke, president and chief
executive officer of Dominion E&P.
Dominion E&P's drilling and acquisition activity in the
Sonora area has been steadily growing during the past ten years. The company
controls more than 95 percent working interest in 4,000 wells across 600,000
acres. The company plans to drill more than 500 wells in this field in 2004,
and that is expected to increase in 2005.
Dominion is one of the nation's largest producers of energy,
with an energy portfolio of more than 24,000 megawatts of generation, 6.4 trillion
cubic feet equivalent of proved natural gas reserves and 7,900 miles of natural
gas transmission pipeline. Dominion also operates the nation's largest underground
natural gas storage system with more than 960 billion cubic feet of storage
capacity and serves 5.3 million retail energy customers in nine states. For
more information about Dominion, visit the company's Web site at www.dom.com.
