Schlumberger subsidiary IndigoPool.com said Thursday it would provide the online marketplace to divest of seven coalbed methane property packages in the Powder River Basin of Wyoming. The project, co-developed by Waterous & Co. and IndigoPool, allows potential buyers to evaluate the properties online.

Powder River Joint Venture, a five-company partnership, operates the seven CBM projects in Campbell and Johnson counties. The assets are currently producing 1.2 MMcf/d from the initial project area, and a second project area is being brought onstream, said IndigoPool. The partnership consists of CanScot Resources, Bluerock Energy, NorthFinn LLC, Tower Colombia Corp. and Wildmere Resources.

Buyers will have online access to the same information found in a physical data room, and will have web-enabled tools allowing them to analyze and evaluate properties “without the logical constraints of paper-based and static online systems,” said Dan Magyar, president of IndigoPool.

Information on the properties may be found at www.indigopool.com. Additional information is available from Waterous & Co. in Calgary at (403) 261-4242 or in Houston at (713) 437-5067.

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