High Plains Gas Prepares to Resume Gas Production
July 29 2014 - 03:00PM
Business Wire
High Plains Gas (OTCBB: HPGS) announced today that the
company has begun preparations to produce coalbed methane (CBM) gas
again. The company has personnel out in the field, and preparing
its Patriot Energy Gathering LLC gathering and compression assets
getting them “spooled” up to receive gas from the CBM wells that
belong to Patriot Energy Resources LLC. High Plains CEO Ed Presley
stated, “We plan to have 'Gathering' ready to receive first inline
gas from the wells in the next couple of weeks. This first effort
is small in scale to the overall job at hand, but after 25 months
of being completely shut in, we are pleased with this initial
step.”
High Plains Gas, Inc., through its wholly owned subsidiaries,
owns and operates approximately 3,000 CBM wells. As of last week,
all of their wells were in shut in status. High Plains Gas has a
gas marketing agreement with United Energy Trading (UET) of
Lakewood, CO. Once all preliminary work has been completed, the
company intends on selling its gas though UET.
High Plains Gas, Inc.Bob Mitchell, 720-226-1031