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    United Energy to take possession of Wagoner County pipeline


    October 6, 2021 - Journal Record Staff

     

      Plano, Texas-based United Energy has agreed to buy a natural gas pipeline in Wagoner County, Oklahoma, formerly owned by Red Fork Energy, the company announced in a release Tuesday.

      The line includes more than 140 miles of 3-inch to 16-inch transmission line and a 12-inch steel pipeline. It comprises more than a 5,000-acre leasehold and 89 wells with substantial Woodford Shale development opportunities, UNRG said in a release.

      Closing on the purchase is expected this month.

      “Natural gas midstream assets are true gems in the current environment,” United Energy Chief Executive Officer Brian Guinn said. “Acquisition of the Wagoner Pipeline also opens numerous opportunities for stranded gas that hasn’t been able to capitalize on current commodity prices.”

      In August, UNRG announced acquisition of a strategic asset combination in the Cherokee Basin region of northeastern Oklahoma and southeastern Kansas. The company purchased Entransco Energy LLC, a licensed operator in Oklahoma and Kansas, which added more than 250 coalbed methane gas wells, 32,000 acres, 118 miles of pipeline and related oil and gas assets to its portfolio. According to the release, the Entransco acquisition also included 49% ownership in an additional 200,000 acres of non-operated oil and gas leases, more than 2,200 wells and more than 1,000 miles of natural gas pipelines formerly owned by Constellation Energy Partners and Newfield Exploration.

      Additionally, UNRG acquired 80 wells and 10,000 acres of CBM-producing wells, formerly known as ROCCS the Rogers County Coal Seam Project from Montclair Energy.

      According to the release, UNRG forecasts production of more than 2,500 thousand cubic feet of gas per day within the fourth quarter and another 2,000-plus MCFGD upon planned reactivation of the Wagoner Pipeline.

      “We’re on a mission. We’ll be one of the top three largest operators in the Cherokee Basin before year-end,” Guinn said.

      Worth noting, the company also said it soon will be rolling out a proprietary well-pumping solution for the production of CBM wells. The innovative pump dramatically reduces operating costs of water-producing wells, eliminating the surface pump jack and many high-maintenance pumping expenses, it said.

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