Proved Reserves at YE 2006: 143 Bcfe Proved Reserves at YE 2005: 125 Bcfe Daily Net Production in 2006: 36 Mmcfe Daily Net Production in 2005: 34 Mmcfe 2007 Cap Ex - Budget: $120.7 million 2006 Cap Ex - Actual: $79 million Percent Gas: 84% Click map for details The Midcontinent division remains focused on exploring and developing opportunities in Oklahoma and the Texas Panhandle, where an annualized reserve growth of 20% per year has been achieved over the past five years. The northern Oklahoma shallow stacked-pay project continues to expand. With the purchase of a minority working interest owner in the project and expanded drilling operations, net production in this area has grown to 8.4 Mmcfe per day since its inception in mid-2004. Drilling continues in other core areas of the division, including the Watonga-Chickasha and Texas Panhandle plays. Additional exploration and development activities continue in the deep Anadarko basin and the southern Oklahoma Woodford play where the company has acquired 33,315 (12,705 net) acres of prospective leasehold.   2004 2005 2006 Capital Spending $36 million $61 million $79 million Wells Drilled 55 gross (37.3 net) 73 gross (49.1 net) 80 gross (50.4 net) Wells Producing 499 gross (247.0 net) 536 gross (271.3 net) 655 gross (299.0 net) Average Daily Gas Production 26.7 Mmcf 30.6 Mmcf 32.0 Mmcf Average Daily Oil & Liquids Production 385 barrels 502 barrels 646 barrels