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Westmont Acquires Pennsylvania Natural Gas Leases

by Kenneth E. DuBose on August 4, 2010

Westmont Resources announces purchase of property in Pennsylvania:

Westmont Resources has completed an agreement that will extend its reach and resources with the acquisition of 1,800 acres and 60 existing wells in the Marcellus Shale region in the southwest tier of Pennsylvania.

Preliminary estimates indicate that the value of the reserves associated with these 1,800 lease acres in Westmoreland County of Western Pennsylvania from the existing 60 wells located on the leases could amount to nearly $36 million.

Full Article: Westmont Purchases Marcellus Shale Property – tradingmarkets.com

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