Wyoming coalbed methane producer 1st NRG Corp. signed an LOI to buy more than 600 shut-in coalbed methane wells. Before being shut in, these wells were producing more than 2.5 MMcf/d. The acquisition would be significantly expand 1st NRG’s operations, which currently include 43 producing wells. The Denver-based company is also working to close its acquisition of a 364- mile gas gathering system announced in November, which would open up development potential on more......
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