United Energy Announces Major Acquisition Update
United Energy announces it has signed a purchase agreement for a 140-mile natural gas pipeline in
“Natural Gas midstream assets are true gems in the current environment. Acquisition of the Wagoner Pipeline also opens numerous opportunities for stranded gas that hasn’t been able to capitalize on current commodity prices.”
In addition, UNRG acquired 80 wells and 10,000 acres of CBM-producing wells from Montclair Energy – a project formerly known as ROCCS, the
The Entransco acquisition also included
UNRG forecasts 2,500+ MCFGD within Q4 and another 2,000+ MCFGD with the reactivation of the Wagoner Pipeline.
UNRG will soon be rolling out a proprietary well-pumping solution for the production of CBM wells. This innovative pump dramatically reduces operating costs of water-producing wells, eliminating the surface pump jack and many high-maintenance pumping expenses that have burdened previous operators.
“We’re on a mission. We’ll be one of the top 3 largest operators in the
View source version on businesswire.com: https://www.businesswire.com/news/home/20211005005331/en/
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Source: United Energy