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High Plains Gas Begins Operating Newly Acquired Marathon Oil Assets in Wyoming’s Powder River Basin
Jan. 07, 2011 12:27PM PST
Resource Investing
High Plains Gas, Inc. (OTC:NXPN) announces that it has officially taken over the operations of Marathon Oil’s Powder River Basin natural gas wells known as the North and South Fairway assets effective December 1, 2010.
High Plains Gas, Inc. (OTC:NXPN) announces that it has officially taken over the operations of Marathon Oil’s Powder River Basin natural gas wells known as the North and South Fairway assets effective December 1, 2010.
The press release is quoted as saying:
In the month of December, 2010 HPG reactivated 52 of the newly acquired idle wells. A major focus of the Company will be the reactivation of idle wells and stimulation of select wells within the various fields identified. HPG has also recently installed a 150hp electric screw compressor in the previously idle Kingsbury field and of the existing 247 wells in that field it plans to reactivate another 75 idle wells by the end of January.
Click here to access the entire press release