General Electric Co. (GE) continues to make inroads into the U.S. energy industry, announcing Thursday a partnership with the University of Notre Dame and four public entities to build a research and test facility in Indiana for natural gas turbine engines used by commercial and military aircraft, power plants, and the oil and gas industry.
Notre
Articles from Notre
Industry Briefs
Gulfmark Energy Group Inc. of San Antonio, TX, said it has obtained financing from Notre-Dame Capital Inc. of Montreal to support development of its Eagle Ford Shale assets. The company said it intends to drill through the Escondido, Olmos, San Miguel, Austin Chalk and Eagle Ford formations. “We have yet to assess all of the undeveloped potential opportunities to expand our operations utilizing horizontal wells with multi-stage fracturing technologies,” said CEO Michael Ward. “Multiple targets have been identified; however, several other opportunities are currently under evaluation and analysis. This financing will allow us to explore all resources available in our current asset base.” Gulfmark operations are currently focused on western South Texas. Terms of the financing were not disclosed.
October 14, 2011
Listen to the latest episode of our newest podcast NGI's Hub and Flow via:
