Energy Revenue America Announces New Focus on Reopening Existing Natural Gas Wells
(firmenpresse) - DALLAS, TX -- (Marketwired) -- 10/13/15 -- Energy Revenue America, Inc. (OTC: ERAO), a firm focused on the acquisition, development and exploration of Coal Bed Methane (CBM) natural gas, is pleased to provide an update on the Company''s recent activities.
After spending the past twelve months repairing and updating their 65 mile natural gas pipeline, Energy Revenue America, Inc. (ERA) is pleased to announce a concerted effort to reopen 20 existing wells on the 3,100 acres under lease in Nowata County Oklahoma.
Nowata County is located in the Cherokee Basin which is the eighth largest coal bed methane basin in the United States and covers approximately 26,500 square miles. Production of coal bed methane gas has been ongoing in the Cherokee basin since the 1980s. There are multiple producing coal zones in the Cherokee Basin including the Rowe, Riverton, Weir-Pitt, and Dawson.
"We have spent the past 12 months repairing leaks, replacing and adding new compressors to the 65 miles of pipeline we owe in Nowata County Oklahoma. With 3,100 acres under ease we now have the pieces in place to reopen existing wells and to drill new coal bed methane natural gas wells for the next several years," says Charley Havens, ERA Chairman and COO.
About Energy Revenue America, Inc.
Energy Revenue America, Inc. is focused on the acquisition, development and exploration of unconventional natural gas projects, primarily Coal Bed Methane (CBM) and seeks to acquire and develop properties with significant undeveloped potential and apply technical and operating expertise to maximize the value of these resources.
FORWARD-LOOKING STATEMENT
This release includes forward-looking statements intended to qualify for the safe harbor from liability established by the Private Securities Litigation Reform Act of 1995. These forward-looking statements generally can be identified by phrases such as INCL or its management "believes," "expects," "anticipates," "foresees," "forecasts," "estimates" or other words or phrases of similar import. All such forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from those in forward-looking statements.
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Datum: 13.10.2015 - 07:00 Uhr
Sprache: Deutsch
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