Wall Street Transcript Interview with Kurtis S. Hooley, Senior Vice President and Chief Operating Officer of Double Eagle Petroleum Co. (DBLE)

Wall Street Transcript

67 WALL STREET, New York - January 15, 2013 - The Wall Street Transcript has just published its Oil & Gas: Refining, Independent and Major Integrated Report offering a timely review of the sector to serious investors and industry executives. This special feature contains expert industry commentary through in-depth interviews with public company CEOs, Equity Analysts and Money Managers. The full issue is available by calling (212) 952-7433 or via The Wall Street Transcript Online.

Topics covered: Capital Expenditures and Consolidation Activity - Refining Crude Price Differentials - Frontier Exploration and Development - Shale Drilling Capital Expenditures - Oil and Gas Price Divergence - Oil Price Expectations - LNG Global Pricing Differentials

Companies include: Double Eagle Petroleum Co. (DBLE), QEP Resources (QEP)

In the following excerpt from the Oil & Gas: Refining, Independent and Major Integrated Report, the CEO of Double Eagle Petroleum discusses the outlook for his company for investors:

TWST: Can you begin with a brief introduction to Double Eagle, including some highlights from your history and a basic overview of your current operations?

Mr. Hooley: Double Eagle started in the 1970s as a small, publicly traded E&P company out of Wyoming. In 2006, we completed 14 wells in what is called the Washakie basin while waiting for an EIS, environmental impact statement, that would allow for a greatly expanded drilling program in that area.

After the EIS was approved, in 2007 we drilled 24 wells, and over the next three years we drilled 80 producing wells in our operated unit called Catalina. We also have interests in units adjacent to ours. To date, we now have interests in over 250 producing wells and have numerous locations yet to be drilled in this area.

Our other core area is the interests we own in the Pinedale Anticline in Wyoming. This acreage is operated by QEP Resources (QEP). Drilling began there about the same time as our Atlantic Rim CBM program commenced, and we now have interests in over 120 producing wells with a large inventory of low risk, undrilled locations.

We also built and a gas pipeline that transports our gas and third-party gas from the Atlantic Rim, giving us real control in getting our gas to market. The pipeline's capacity of 125 MMcf/d is only about 25% utilized at present, so there is a substantial opportunity for us to improve the utilization and cash flow derived from this asset by moving more third-party gas through it.

Since we began developing our two core projects, the company's production has grown from approximately 4 MMcf/d to 30 MMcf/d.

TWST: In October, you purchased additional working interest in the Atlantic Rim. Tell us about that purchase and what it means for the company.

Mr. Hooley: It is a very strategic opportunity and not often do you get the chance to buy assets in an area that you already operate, especially in a low-cost one like the Atlantic Rim, where we have been operating for over five years...

For more of this interview and many others visit the Wall Street Transcript - a unique service for investors and industry researchers - providing fresh commentary and insight through verbatim interviews with CEOs, portfolio managers and research analysts. This special issue is available by calling (212) 952-7433 or via The Wall Street Transcript Online.

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