Empire cashes out of US assets to focus on Beetaloo gas production smh.com.au - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from smh.com.au Daily Mail and Mail on Sunday newspapers.
Empire Energy Group Ltd (ASX:EEG) (OTCMKTS:EEGUF) has entered into an unconditional agreement to sell its US oil & gas assets located in the Appalachian region for up to US$9.1 million.
April 12, 2024 | Marcellus Drilling News marcellusdrilling.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from marcellusdrilling.com Daily Mail and Mail on Sunday newspapers.
Here's a story that caught our attention. Empire Energy, which drills for oil and gas in Australia's Beetaloo/McArthur basin, owns producing oil and gas assets in New York State and Pennsylvania, which cover more than 270,000 net acres. Empire's U.S. assets have output totaling some 4.5 million cubic feet per day (MMcf/d) of gas plus