RESERVES - With 17,000 acres in the core area of the Barnett, Hillwood's acreage is estimated to contain an estimated 6 TCF (168 BCM) of gas in place.  The average Hillwood horizontal well at Alliance has proved developed producing reserves of 3.0 BCF yielding total PDP reserves of 105 BCF.

With 3D seismic coverage and dedicated locations for another 100 wells, Hillwood estimates ultimate proved undeveloped (PUD) reserves of 300 BCF.