Press Release out today - August 08, 2016 09:00 ET
Energy Revenue America, Inc. Update
DALLAS, TX--(Marketwired - August 08, 2016) - Energy Revenue America, Inc. (OTC PINK: ERAO), a firm focused on the acquisition, development and exploration of Coal Bed Methane (CBM) natural gas, is pleased to share its thoughts on the current buoyant market for gas and the advantages that the company has moving forward.
With gas prices showing very strong gains since early this summer and the price nearing the psychologically important level of $3.00 per MCF, Energy Revenue America Inc., is positioned to take full advantage of this current trend with:
An exceptionally low cost of production
A significant cost advantage over other U.S. producers
Leases that cover 3,100 acres in Nowata County, Oklahoma
65 miles of pipeline, connecting its wells directly to the local buying co-operative
Guaranteed buyers for all of the gas that it produces
This means that the company can focus on maximizing production from each new or re-opened well that it completes.
"The recent gas market has shown a drop in production as last year's lower prices have eaten into the profitability of less efficient companies. ERA is therefore in a prime position to be able to capitalize from the immediate availability of drilling rigs and crews," said Charley Havens, Chairman & CEO.
ERA's drilling activity is located in the heart of the Cherokee Basin, which is the 6th largest coal bed methane basin in the United States and covers over 26,500 square miles. Production of coal bed methane gas has been ongoing in the basin since the 1980s. The predominant production is natural gas produced from coals and shale.
About Energy Revenue America, Inc.
Energy Revenue America, Inc. is focused on the acquisition, development and exploration of unconventional natural gas projects, primarily Coal Bed Methane (CBM) and seeks to acquire and develop properties with significant undeveloped potential and apply technical and operating expertise to maximize the value of these resources.
FORWARD-LOOKING STATEMENTS
This release includes forward-looking statements intended to qualify for the safe harbor from liability established by the Private Securities Litigation Reform Act of 1995. These forward-looking statements generally can be identified by phrases such as INCL or its management "believes," "expects," "anticipates," "foresees," "forecasts," "estimates" or other words or phrases of similar import. All such forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from those in forward-looking statements.
CONTACT INFORMATION
CONTACT:
Energy Revenue America, Inc.
Email Contact: Email contact
Website: www.energy-revenue.com
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