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United Energy Corporation (UNRG) reports developments tied to its natural gas production, midstream assets, and liquefied natural gas strategy. Company updates have centered on Cherokee Basin oil and gas assets in Oklahoma and Kansas, coalbed methane operations, pipeline and compressor-site activity, and plans to use modular LNG liquefaction systems for industrial, power, and transport markets.
Recurring announcements also cover capital formation, convertible debt financing, acquisitions of operating interests and subsidiaries such as Integrity Terminals, engineering and permitting relationships, and joint-venture or platform initiatives related to small-scale LNG infrastructure. The company frames these actions around expanding gas processing, storage, transportation, and market access for domestic energy users.
United Energy (OTCMKTS:UNRG) provided a shareholder update, outlining its new corporate direction for 2021 and beyond. The company has successfully transitioned its business model, divesting non-core assets while focusing on Exploration and Production, Technology, and Oil and Fuel Storage. Recently, UE acquired over 240,000 acres of oil and gas leases, including 2200+ wells and 1200 miles of pipelines, to invest in cleaner energy sources like Natural Gas. Additionally, UE has purchased a minority stake in a planned oil storage terminal in Louisiana, with a capacity of 6.8 million barrels.
United Energy (OTCMKTS:UNRG) has announced a strategic update focusing on its corporate direction for the remainder of 2021. The company is divesting non-core assets and has acquired significant oil and gas leases spanning over 240,000 acres across Oklahoma and Kansas, which includes 2200+ wells and extensive pipeline infrastructure. Additionally, UE has purchased a minority share in a future oil storage facility in Louisiana, aiming for an initial capacity of 6.8 million barrels. The firm is emphasizing natural gas investments and exploring opportunities in North Dakota and Montana.