Miners

Coalbed methane used to be a deadly threat to coal miners. In the 1950s and 1960s natural gas was routinely flared as an unwanted by-product of oil production. Gas from shales and tight sands, once spurned as too difficult to produce, is now the future for many domestic producers. And natural gas hydrates lie beneath the world’s oceans waiting for technology to free them while liquefied natural gas (LNG) tankers ply the waves above.

It pays to know the territory, particularly if you’re an oil and gas driller in competition with Kentucky coal miners. NGAS Resources Inc., based in Lexington, KY, made its 20 years of experience in eastern Kentucky pay off in 2004, increasing total production by 77%, revenues by 75% and most importantly, completing an acquisition that helped bump up oil and gas assets by 316% to a value of $68.2 million from $16.4 million in 2003.

It pays to know the territory, particularly if you’re an oil and gas driller in competition with Kentucky coal miners. NGAS Resources Inc., based in Lexington, KY, made its 20 years of experience in eastern Kentucky pay off in 2004, increasing total production by 77%, revenues by 75% and most importantly, completing an acquisition that helped bump up oil and gas assets by 316% to a value of $68.2 million from $16.4 million in 2003.