Trans Energy Inc. announced Wednesday that it had sold its drilling rights and working interest in shallow wells targeting the Devonian Shale for $2.75 million before adjustments, but had retained a royalty interest on most wells and drilling rights to deeper formations, such as the Rhinestreet, Marcellus and Utica shales.
30Th
Articles from 30Th
Oil, Gas Industries are Y2K A-OK
The majority of the oil and gas industry – 94% – report theircomputer systems will be ready by Sept. 30th to deal with anyglitches that may be brought about by the change to a newmillennium, according to the latest survey conducted by the NaturalGas Council and the American Petroleum Institute (API). The entireindustry expects to be Y2K ready by the end of December.
July 12, 1999
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