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Eclipse Resources | Marcellus Drilling News

Eclipse Resources | Marcellus Drilling News
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Fremont Petroleum (ASX:FPL) expands U.S. footprint with 1300 natural gas wells

Fremont Petroleum (ASX:FPL) expands U.S. footprint with 1300 natural gas wells
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Fremont Petroleum (FPL) is stepping up its U.S. growth strategy with the game-changing acquisition of Magnum Hunter Production
Magnum Hunter, which Fremont will wholly acquire for US$425,000 (roughly A$556,000), operates around 1300 natural gas wells in Kentucky, Virginia and Tennessee
An initial work program will focus on basic pipeline repairs, while a second program will target more extensive workovers, re-stimulation and side-tracking
The deal forms part of Fremont s strategy, unveiled in mid-2020, to acquire under-performing assets with immediate production upside ....

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