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Microcap & Penny Stocks : MTEI - Mountain Energy - No BASHING Allowed -- Ignore unavailable to you. Want to Upgrade?

To: jhild who wrote (3816)6/25/1998 10:18:00 PM
From: V$gas.Com  Read Replies (1) | Respond to of 11684
 
Spacing will depend on the depth and drainage of wells in a particular area. That's an excellent question. Any help from anyone out there in lurker land on West Virginia spacing statutes would be a big help. I do believe however, that most of the wells in West Virginia will be shallow coal bed methane gas wells newly drilled by the company. These wells will possess tax credits, being that President Carter designated coal bed methane as an alternative fuel source, back during his administration. These credits do expire in 2001 however. I believe that most of the behind pipe recovery will take place in mature fields in Wyoming, Texas and the gulf coast areas of the country, where mtei is currently looking at future acquisitions.

Regards,

Bob



To: jhild who wrote (3816)6/25/1998 10:21:00 PM
From: eric deaver  Read Replies (1) | Respond to of 11684
 
Check out the map on the info thread. There is an interactive map there and you can get an idea of # of non-orphaned wells in say Lincoln Co. Will have to query the database but the information is there. Get the total acreage of Lincoln Co. and bingo. Or you could wait.

Eric


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