Trail Ridge Development Corporation

Proman's US-based upstream company

Trail Ridge Development Corporation holds a 49% working interest in oil and gas leases across 14,650 acres in the Piceance Basin of Colorado, and represents Proman’s upstream investment in the United States.

The Piceance Basin holds the 2nd largest natural gas reserves in the U.S., with liquid rich gas reserves located within the Williams Fork and Mancos Shale formations.

Trail Ridge Development Corporation is currently producing from 8 wells, with approximately 825 BCFe of proven, undeveloped reserves and over 1,200 future well locations. The company is actively drilling 17 additional wells, which are expected to come online by the end of 2025.

14,650

acres of oil and gas leases

825

billion cubic feet equivalent of undeveloped reserves