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PrimeEnergy Corporation engages in the development, exploration, acquisition, and production of oil and natural gas properties. The company owns leasehold, mineral, and royalty interests in producing and nonproducing oil and gas properties throughout the United States, primarily in Colorado, Kansas, Louisiana, Mississippi, Montana, Nebraska, New Mexico, North Dakota, Oklahoma, Texas, Utah, West Virginia, and Wyoming, as well as in the Gulf of Mexico. In addition, it provides well-servicing support operations, site-preparation, and construction services for oil and gas drilling and reworking operations. As of December 31, 2004, PrimeEnergy operated 1,533 wells and owned nonoperating interests in approximately 770 wells. Its offshore properties had net proved reserves of 10.2 billion cubic feet equivalent of gas, as of the above date. The company was organized in 1973 and is based in Stamford, Connecticut.