Petroglyph Energy, Inc

III Exploration Company (Exploration) was incorporated in October 1992 under the laws of the State of Idaho. Exploration was formed for the purpose of exploring for and developing oil and natural gas deposits. Its initial investments were made in joint ventures with experienced operators. In December 2000, Exploration completed the acquisition of 100% of the stock of Petroglyph Energy, Inc. (Petroglyph). Petroglyph is an Idaho corporation organized to develop, produce, and sell oil and natural gas as general partner for III Exploration II LP. (IIIX LP). The companys operations are primarily focused in the Uinta Basin of Utah. The company has non-operated properties in the Williston Basin of North Dakota and a large underdeveloped lease portion in the Raton Basin of Colorado. On September 28, 2001, Exploration entered into a transaction in which substantially all of the oil and gas property and equipment was transferred to IIIX LP. As the general partner, Petroglyph exercises c...