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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.