WMNS >>> LETZZZ ROK !!! > Westmont Resources Inc. says it has acquired 1,600 leased acres and 60 wells in West Virginia's Northern Panhandle.
The Wetzel County acquisitions are in the Marcellus Shale region, a vast formation that underlies much of Pennsylvania, New York and parts of Ohio and West Virginia.
Bellevue, Wash.-based Westmont said Wednesday in a news release that the reserves associated with the leases and the wells could be worth more than $19 million. With additional exploration, the company says it believes another 30 wells could be drilled, increasing the total value to $29 million.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.