| El Paso Corporation (El Paso) is an energy company. The Company operates in the natural gas transmission and exploration and production sectors of the energy industry. It operates in two segments: Pipelines and Exploration and Production. The Company also has a Marketing segment. As of December 31, 2011, it had 1,474 undeveloped locations, of which 575 are in shales where the Company was actively developing reserves. The three shales are Haynesville, Eagle Ford and Wolfcamp. At December 31, 2011, it had 1,918 billion cubic feet of natural gas equivalents of consolidated proved undeveloped (PUD) reserves. Of the 1,918 billion cubic feet of natural gas equivalents of PUD reserves at December 31, 2011, it has 49 billion cubic feet of natural gas equivalents of undeveloped reserves. During 2011, it sold its operated oil and natural gas properties located in the Powder River Basin in Wyoming. In 2011, the Company also sold oil and natural gas properties located in the Frio county area. |
