Energy Revenue America Inc. provided a production update on its 3,100 acres in Nowata County, OK. After reopening 10 existing wells, the company has secured a contract to transport natural gas for a third party utilizing their 65-mile pipeline.
This is the second leg of a 2014 strategy that Energy Revenue America Inc. has developed to (1) re-open 30 existing wells, (2) transport natural gas for others and (3) drill new wells.
“Utilizing our 65-mile pipeline to haul gas for a third party has always been a significant part of our strategic plan,” said Charles H. Havens, ERA’s chairman and COO. “Our team moved quickly to bury the feeder pipe to connect to the third-party wells and our customer was able to connect faster than we had planned. We expect additional wells will be added in the next several months from this same customer.”