Here is another small cap stock in oil and natural gas in the Appalachian/Marcellus area which could be interesting.
Magnum Hunter Resources Corp ( Amex: MHR ) is an independent exploration and
production company who just have overtaken some assets from the Triad Energy Corp
after last mentioned bankruptcy.
The Triad assets being acquired primarily consist of oil and gas property
interests in approximately 2,000 operated wells and include over 88,000
net mineral acres located in the states of Kentucky, Ohio, and West
Virginia, a natural gas pipeline, salt water disposal facilities, three drilling
rigs, workover rigs, and other oilfield equipment.
As seen it has purchased salt water disposal facilities and exactly the salt water produced by drilling is the reason for worries of Civil and Environmental Engineering.
Have attached some data for easier examination by whom who might be interested.
The way the market looks right now it is too early to get in but in the long run it could
return a little bit since is already active in three of the big four emerging shale.
Rgds
whenif
Magnum Hunter Resources Corp ( Amex: MHR ) is an independent exploration and
production company who just have overtaken some assets from the Triad Energy Corp
after last mentioned bankruptcy.
The Triad assets being acquired primarily consist of oil and gas property
interests in approximately 2,000 operated wells and include over 88,000
net mineral acres located in the states of Kentucky, Ohio, and West
Virginia, a natural gas pipeline, salt water disposal facilities, three drilling
rigs, workover rigs, and other oilfield equipment.
As seen it has purchased salt water disposal facilities and exactly the salt water produced by drilling is the reason for worries of Civil and Environmental Engineering.
Have attached some data for easier examination by whom who might be interested.
The way the market looks right now it is too early to get in but in the long run it could
return a little bit since is already active in three of the big four emerging shale.
Rgds
whenif
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