Riverton, WY-based U.S. Energy Corp. (USEC) said Monday it has acquired producing assets in the Bakken and Three Forks shale plays in North Dakota for $2.5 million, giving the small exploration and production (E&P) company minority interests in up to 23 drilling units with an estimated 307,000 boe in proved oil reserves.
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Articles from Riverton
State Offers Cistern Systems to Pavillion, WY, Residents
Wyoming has set aside $750,000 to help fund cistern systems for Pavillion homeowners whose groundwater may have been contaminated by natural gas drilling, and affected residents will be able to take advantage of that offer, Gov. Matt Mead told reporters last Wednesday.
Rocky Mountain Gas Continues to Stock Up on CBM Reserves
Riverton, WY-based U.S. Energy Corp. (USE) and its majority-owned subsidiary, Crested Corp., said last week that their Rocky Mountain Gas Inc. (RMG) subsidiary has entered into an agreement to acquire coalbed methane (CBM) properties in the Powder River Basin of Wyoming from a undisclosed party for a combination of cash and equity. Financial terms of the transaction were not disclosed.
Rocky Mountain Gas Inc. Continues to Stock Up on CBM Reserves
Riverton, WY-based U.S. Energy Corp. (USE) and its majority-owned subsidiary, Crested Corp., reported Tuesday that their Rocky Mountain Gas Inc. (RMG) subsidiary has entered into an agreement to acquire coalbed methane (CBM) properties from a non-disclosed party in the Powder River Basin of Wyoming for a combination of cash and equity. Financial terms of the transaction were not disclosed.
Rocky Mountain Gas Continues Coalbed Methane Program
Noting that there is much that remains to be accomplished, Riverton, WY-based U.S. Energy Corp. and its Crested Corp. subsidiary said Wednesday that their joint subsidiary, Rocky Mountain Gas Inc. (RMG) has made “notable progress” towards its stated goal of becoming a significant coalbed methane (CBM) producer in the Rocky Mountain region.
Rocky Mountain Gas Revs Up Coalbed Methane Activity As Prices Rise
Riverton, WY-based U.S. Energy Corp. and its Crested Corp. subsidiary said their joint subsidiary, Rocky Mountain Gas Inc. (RMG), has increased its coalbed methane activities in the Powder River Basin of northeastern Wyoming just in time to take advantage of higher gas prices.
Rocky Mountain Gas Revs Up Coalbed Methane Activity
Riverton, WY-based U.S. Energy Corp. and its Crested Corp. subsidiary said Wednesday that their joint subsidiary, Rocky Mountain Gas Inc. (RMG), has increased its coalbed methane activities in the Powder River Basin of northeastern Wyoming just in time to take advantage of higher gas prices.