United Energy Makes a Bold Prediction

United Energy Makes a Bold Prediction

Plano, Texas-based United Energy is on a growth streak, gobbling up more assets in Okla., and Kans., where it expects to become one of the top operators in the Cherokee Basin before year end. Reese Energy Consulting today is following the latest announcement from United, which now will make its second acquisition since August. The latest purchase from former Tulsa-based Red Fork Energy includes a 140-mile natural gas pipeline in Wagoner County, Okla., with a capacity of 20 MCFD; a 5,000+ acres leasehold; and 89 company-owned wells. The transaction price was not disclosed. This follows United Energy’s combination deal a little more than two months ago with the buy-out of Okla.-based Entransco Energy that netted the company 250+ Coalbed Methane Gas (CBM) wells, 32,000 acres, and 118 miles of gathering pipe. Along for the ride was a 49% ownership stake in an additional 200,000 acres of non-operated oil and gas leases, 2,200+ wells, and 1,000+ miles of gas pipe. At the same time, United acquired the previously known Rogers County (Okla.,) Coal Seam Project from Ala.-based Montclair Energy, which included 80 wells and 10,000 acres of CBM development.

What do you think? Learn more about REC and our natural gas services and expertise at www.ReeseEnergyConsulting.com.

United Energy

United Energy Corporation is a diversified oil and gas producer based in Plano, TX with a 50-year history in the energy, manufacturing, and mining industries. The company’s new post-pandemic corporate directive includes exploration, development, production, technology and storage.

www.unrgcorp.com

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