Empire Energy USA LLC
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| - | '''Empire Energy USA LLC''' is a 95%-owned subsidiary of Sydney, Australia-based '''Imperial Corporation Limited''', a resource investment company. The Australian parent company, Imperial, changed its name in March, 2011 to '''Empire Energy Group''' (ASX:EEG). It has been building an oil and gas exploration and development presence in the [[Marcellus shale]] formation. As the result of a large acquisition made in December, 2009, Empire's leasehold grew to 313,000 acres located primarily in [[New York|New York State]]. Roughly 180,000 acres of this total were prospective for Marcellus and [[Utica shale|Utica]] shales. 80,000 acres were for the [[Trenton-Black River|Trenton-Black River formation]]. The remainder was for the ''Theresa'', ''Medina'', and ''Queenston'' target areas with some overlap of the previous areas. | + | '''Empire Energy USA LLC''' is a 95%-owned subsidiary of Sydney, Australia-based '''Imperial Corporation Limited''' (aka , a resource investment company. The Australian parent company, Imperial, changed its name in March, 2011 to '''Empire Energy Group''' (ASX:EEG). It has been building an oil and gas exploration and development presence in the [[Marcellus shale]] formation. As the result of a large acquisition made in December, 2009, Empire's leasehold grew to 313,000 acres located primarily in [[New York|New York State]]. Roughly 180,000 acres of this total were prospective for Marcellus and [[Utica shale|Utica]] shales. 80,000 acres were for the [[Trenton-Black River|Trenton-Black River formation]]. The remainder was for the ''Theresa'', ''Medina'', and ''Queenston'' target areas with some overlap of the previous areas. |
| In May, 2009 the company announced its intention to acquire a Pennsylvania exploration and production company and thereby add 11,200 gross acres to its existing 4,790 gross acre U.S. leasehold. Imperial's web site indicated that the company already owned drilling rights in the Pennsylvania counties of [[Armstrong]], [[Clarion]], and [[Jefferson]]. The company owns roughly 170 shallow upper Devonian wells. | In May, 2009 the company announced its intention to acquire a Pennsylvania exploration and production company and thereby add 11,200 gross acres to its existing 4,790 gross acre U.S. leasehold. Imperial's web site indicated that the company already owned drilling rights in the Pennsylvania counties of [[Armstrong]], [[Clarion]], and [[Jefferson]]. The company owns roughly 170 shallow upper Devonian wells. | ||
Current revision
Empire Energy USA LLC is a 95%-owned subsidiary of Sydney, Australia-based Imperial Corporation Limited (aka , a resource investment company. The Australian parent company, Imperial, changed its name in March, 2011 to Empire Energy Group (ASX:EEG). It has been building an oil and gas exploration and development presence in the Marcellus shale formation. As the result of a large acquisition made in December, 2009, Empire's leasehold grew to 313,000 acres located primarily in New York State. Roughly 180,000 acres of this total were prospective for Marcellus and Utica shales. 80,000 acres were for the Trenton-Black River formation. The remainder was for the Theresa, Medina, and Queenston target areas with some overlap of the previous areas.
In May, 2009 the company announced its intention to acquire a Pennsylvania exploration and production company and thereby add 11,200 gross acres to its existing 4,790 gross acre U.S. leasehold. Imperial's web site indicated that the company already owned drilling rights in the Pennsylvania counties of Armstrong, Clarion, and Jefferson. The company owns roughly 170 shallow upper Devonian wells.
In December, 2009 it was announced that Empire had acquired 303,000 gross acres in the Appalachian Basin which included more than 1,805 wells producing in excess of 5 Mmcfe/d in New York and Pennsylvania from a large US independent E&P company. Total cost had been $38 million. Most of the existing wells were in the Medina sandstone with a few in the Queenston sands and Trenton-Black River (TBR) limestones. The company believed it had substantial opportunity to also explore the Marcellus and Utica shales as well as TBR on this acreage. 185 miles of seismic data were in the process being reviewed. The acquisition had also included a fully equipped field office in Mayville, NY.
- Bruce McLeod is Imperial's Executive Chairman.
