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Private Equity Fund Of Funds Three Wyoming based conservation groups have filed suit in federal court to stop damage from coal bed methane production.

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Curve Equity Exposed Fund The suit challenges the U.S. Army Corps of Engineers' general permit that governs the construction of reservoirs for water from coal bed methane production wells, as well as roads and pipelines in Wyoming. The groups, represented by Earthjustice, are the Wyoming Outdoor Council, the Powder River Basin Resource Council and Biodiversity Associates.

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Equity Income Funds Coal bed methane is natural gas that is trapped in the fissures and fractures of underground coal beds by overlying water in underground aquifers. The gas is released when the water is pumped to the surface, at a rate of anywhere from several up to hundreds of gallons a minute, easing the pressure and allowing the gas to follow the water up.

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Private Investment In Public The Corps' general permit allows the construction of reservoirs to hold water produced at coalbed methane wells. During the first 10 months of 2001, coalbed methane drilling in Wyoming resulted in the withdrawal of 18 billion gallons of coalbed methane water.

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Equity Mutual Funds "All of these ponds are unlined. That is part of their design. They are intentionally built to leak into the groundwater," said Jill Morrison of the Powder River Basin Resource Council.

Birmingham Contact Equity "By issuing a general permit, the Corps of Engineers is treating these reservoirs like stock watering ponds. But they contain contaminated water from CBM wells and are more like wastewater treatment ponds than livestock ponds," added Steve Jones of the Wyoming Outdoor Council.

Private Equity Investment Firm The high salinity levels of coalbed methane waters threaten rivers and streams, and farms and ranches, since many plants are sensitive to salinity levels in the water and soils. Over time these soils can lose their productivity as the salts begin to saturate the soils.

Complying Deal Equity Funds Many ranchers are upset about this. Last year a Congressional committee heard from Ed Swartz, a third generation rancher from the basin who said, "Myself and other ranchers and landowners in the Powder River Basin are facing very real and destructive impacts."

Equity Msn Private Wyoming He told the committee that water pumped from coal bed methane wells threatens to destroy his hay fields. He added that it has already destroyed the vegetation in the creek bottom of Wild Cat Creek.

American Equity Investment "The unique fish and aquatic plant communities in Wyoming's streams are threatened by both the quantity and quality of CBM produced water allowed by this ill conceived and illegal general permit," said Jeff Kessler of Biodiversity Associates.

Equity Index Funds The Powder River Basin, located in northeast Wyoming and part of Montana, has seen a surge in drilling for coal bed methane. Seven years ago, there were 110 coal bed methane wells in the basin. Today there are more than 12,000 CBM wells that have been drilled in northeast Wyoming, with another 8,000 wells under permit for drilling.

Equity Private Team Wyoming Coal bed methane now provides almost eight percent of the nation's reserve of natural gas, more than quadrupling its share of the reserve since 1989. Over 50,000 wells are expected to be drilled in the Powder River Basin by 2010, requiring between 2,000 and 4,000 reservoirs.

Equity Group Investment ENS - 1/22/2002

Topic: Petroleum Industry

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