GeoMet, Inc. engages in the exploration, development, and production of coal bed methane primarily in the United States and Canada. It also engages in gas marketing activities. In addition, the company, through its subsidiary, provides nominations, gas control, gas balancing, transportation and exchange, market and transportation intelligence, and other advisory and agency services. As of December 31, 2006, the company controlled a total of approximately 77,000 net acres of coalbed methane development rights in the Gurnee field in the Cahaba Basin and in the Pond Creek field in the central Appalachian Basin; and 203,000 net acres of coalbed methane and oil and natural gas development...