Beacon Redevelopment Industrial Corporation Reviews Initial Consultation Regarding its Natural Gas Rights and Reserves

Beacon Redevelopment Industrial Corporation has reviewed a summary of its initial consultation regarding its natural gas rights of its Westmoreland property. Beacon, along with its geological consultants, are continuing the evaluation of the company’s resources at that location. The initial review revealed that it appears there may be a more feasible way to install modern gas well operations... 

Tag: pci coal upper freeport, dominion resources tuscaloosa al, beacon redevelopment industr

Beacon Redevelopment Enters Into Lease Negotiations for Riverfront Property for Coal Distribution Center

Beacon Redevelopment Industrial Corporation announced that it entered into negotiations to acquire a ten year lease with an option to purchase a riverfront property to form the company’s coal distribution center. The location, totaling 8.4 acres, in Sewickley Township, Westmoreland County, Pennsylvania, is situated on the Youghiogheny River. A working railroad runs through the property, and... 

Tag: westmoreland county oil and gas leases, bc group bid for origin energy

Beacon Redevelopment Industrial Corporation Completes Purchase and Development Agreements of its Coal Mining Rights and Receives Valuation Estimates

Beacon Redevelopment Industrial Corporation announced that it’s wholly owned subsidiary Beacon Energy Corporation has finalized and completed the purchase of 100% of the coal rights for two parcels of land totaling 1020 acres in Westmoreland County, Pennsylvania. The coal forms part of the Upper and Thick Freeport Coal Seams in Western Pennsylvania. Beacon Energy Corporation will contract with... 

Tag: upper freeport coal mine fayette county pa

Beacon Redevelopment Industrial Corporation Enters Negotiations with Dominion Resources

Beacon Redevelopment Industrial Corporation announced that it entered into negotiations with Dominion Resources, Inc. pertaining to their use, since 1986, of the Westmoreland Glass Factory as a natural gas storage facility and gas well. In 1954, the former owners of the glass factory in Grapeville, Pennsylvania, signed agreements allowing the predecessor of Dominion Resources to use the property as... 

Beacon Redevelopment Industrial Corporation Provides Update on Coal Mining Projects

Beacon Redevelopment Industrial Corporation announced that it’s wholly owned subsidiary Beacon Energy Corporation entered into negotiations to purchase additional coal rights and the finalization of previous negotiations. As previously announced, Beacon Energy Corporation announced it had negotiated to acquire a 950 acre mining property in Western Pennsylvania. After further investigation and... 

Beacon Energy Corporation Opens Negotiations for Property with Coal Mining Rights

Beacon Energy Corporation a wholly owned subsidiary of Beacon Redevelopment Industrial Corporation announced today that it has entered negotiations to acquire a 950 acre track of property with coal mining rights/reserves in Pennsylvania. The company is very confident that current negotiations will result in the successful execution of a purchase agreement immediately with a closing to take place within... 

Beacon Redevelopment Retains Expert Geologist to Evaluate the Company’s Natural Gas Holdings and Prospects Going Forward on its Properties

Beacon Redevelopment Industrial Corporation has retained an expert geologist to evaluate the company’s natural gas holdings on its properties. The company believes that the natural gas holdings on its properties are significant and needs an expert opinion and evaluation to verify its belief, if the expert geologist agrees the company may explore a possible spin off of its natural gas holdings...