Littleton, CO-based American Eagle Energy Corp. expanded its existing carry agreement to accelerate drilling. Last May the company entered into a six-well carry agreement; the amended agreement extends the terms of the financing to an additional four wells, all of which will be drilled in the Bakken or Three Forks zones of its Spyglass Project. “The expansion of our existing carry agreement…allows us to continue aggressively pursuing our development program within the Spyglass Property while minimizing our capital outlay,” said President Brad Colby. The expansion of the scope of the agreement allows American Eagle to contract a second drilling rig to begin drilling infill locations on the Spyglass property. American Eagle expects a second Nabors Drilling rig to arrive by the middle of September and anticipates drilling and completing a total of 12 gross wells (4.2 net) with the two rigs by the end of 2012, including all 10 wells covered by the amended carry agreement.

With business on the rise thanks to the rapid increase in onshore oil and natural gas exploration over the last few years, Ridgeline Energy Services Inc. has opened a new Deaver, WY, manufacturing facility. Ridgeline, which applies proprietary technology to treat water generated from industrial and commercial waste water markets, including oil and gas, said the new facility would be used to manufacture storage systems, convergence and degassing systems, as well as molded tank products that are a part of Ridgeline’s water sciences division product line and services. The facility, which was previously a Deaver school campus, includes about seven acres and five campus buildings, and totals close to 65,500 square feet. The buildings and land are leased to Ridgeline with the option to purchase the facility in the future as land is transferred from the U.S. government. “This facility will enable Ridgeline to lower manufacturing costs, accelerate system delivery times and continue the development of our technology,” said CEO Tony Ker. “We look forward to ramping production in our Wyoming facility to support our growth in the coming years.” Ridgeline said it chose Deaver because it sits on the northern border of Wyoming with prime access to many of its most important geographic markets — North Dakota; Alberta, Canada; Colorado; eastern Utah and western Texas.