Dominion Energy And River Gas Acquire Lease Rights to 19,000 Acres in Black Warrior Basin.RICHMOND, Va.--(BUSINESS WIRE)--July 2, 1999-- 200 New Coalbed Methane Coalbed methane is a form of natural gas extracted from coal beds. In recent decades it has become an important source of energy in United States, Canada, and other countries. Wells Expected Over Next Three Years Dominion Energy Inc. and River Gas Corporation today announced that they have jointly acquired lease rights to develop additional coalbed methane production in Alabama's Black Warrior Black Warrior, river, United States Black Warrior, navigable river, 178 mi (286 km) long, rising in N central Ala. and flowing generally SW to the Tombigbee River. Basin. The agreement, signed earlier this week with Pittsburgh and Midway Coal Mining Company, gives Dominion and River Gas production rights on more than 19,000 acres. The two companies expect to drill approximately 200 wells on the newly acquired acreage over the next three years. Terms of the acquisition were not disclosed. The Black Warrior Basin is a 35,000-square-mile area in northwest Alabama. The area produces about 315 million cubic feet of coalbed methane per day. Dominion Energy and River Gas currently own and operate more than 530 coalbed methane wells in the region which produce 50 million cubic feet per day. River Gas began operation of these properties in 1987 and was one of the earliest operators in the Black Warrior Basin. Dominion Energy, headquartered in Richmond, Va., manages the natural gas operations of Dominion Resources Dominion NYSE: D (formerly Dominion Resources) is a power and energy company headquartered in Richmond, Virginia, USA, that supplies electricity, natural gas, or other energy services to homes in Virginia, West Virginia, Ohio, Pennsylvania, and eastern North Carolina. Inc. (NYSE NYSE See: New York Stock Exchange : D), an $18 billion holding company active in national and international electric power and natural gas exploration and production. River Gas is a privately held company privately held company A firm whose shares are held within a relatively small circle of owners and are not traded publicly. headquartered in Northport, Ala ALA aminolevulinic acid. Ala alanine. ala (a´lah) pl. a´lae [L.] a winglike process. . Pittsburgh and Midway Coal, headquartered in Denver, is a subsidiary of Chevron U.S.A. Inc. |
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