Storm Cat Energy drops Alaska explorationDenver-based independent, stymied by access issues in Mat-Su, chases Wyoming, Arkansas and British Columbia gas production, finds Rose Ragsdale For Petroleum News
Storm Cat Energy Corp., less than two years after drilling an exploration well in the coalbed-methane-rich Matanuska-Susitna Borough, has dropped its pursuit of natural gas reserves in Alaska.
Instead, the Denver-based independent is pouring $40 million this year into development of coalbed methane....
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Company entered Alaska in ‘05
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