AB Resources LLC, a rapidly growing oil and gas exploration and development company, has moved to enhance the Company’s ability to produce and transport natural gas from its current and future wells in the Marcellus Shale formation. The Marcellus Shale, a gas-productive formation spread across Pennsylvania and West Virginia, has become the premier natural gas play in the Appalachian Basin. AB Resources...
Chief Oil & Gas and Union Drilling, Inc. unveiled the new AC QuickSilver drilling system in Lycoming County, Pennsylvania, the first-of-its-kind rig designed for horizontal natural gas drilling in the Marcellus Shale. “This is an exciting time for Chief Oil & Gas and the Commonwealth of Pennsylvania,” said William Buckler, Senior Vice President of Operations for Chief Oil &...
Vortex Resources Corp. announced today that it has signed a Memorandum of Understanding (the “MOU”) to enter into a definitive asset purchase agreement with Blackhawk Investments Limited (“Blackhawk”), based in London, England. Blackhawk will exercise its exclusive option to acquire all of the issued and allotted share capital in Sandhaven Securities Limited (“SSL”), and its underlying...