Galaxy completes acquisition of CBM properties in Wyoming - October 10, 2004

Providing coverage of Alaska and northern Canada's oil and gas industryOctober 2004

Vol. 9, No. 41

Week of October 10, 2004

Galaxy completes acquisition of CBM properties in Wyoming

Ray Tyson

Denver-based independent Galaxy Energy has closed on its acquisition of 4,400 net acres of coalbed methane properties in Campbell and Converse counties in Wyoming, Galaxy said Oct. 4.

The company had announced the execution of a letter of agreement in July 2004. The properties are in the well-developed eastern portion of the Powder River Basin and include the West Recluse and Glasgow projects with target coalbed formations at depths of 500 to 800 feet. Both projects are in areas where there is existing infrastructure.

Petroleum News - Phone: 1-907 522-9469 - Fax: 1-907 522-9583
[email protected] --- https://www.petroleumnews.com ---
S U B S C R I B E

Copyright Petroleum Newspapers of Alaska, LLC (Petroleum News)(PNA)©1999-2019 All rights reserved. The content of this article and web site may not be copied, replaced, distributed, published, displayed or transferred in any form or by any means except with the prior written permission of Petroleum Newspapers of Alaska, LLC (Petroleum News)(PNA). Copyright infringement is a violation of federal law subject to criminal and civil penalties.