1st NRG Corp. Enters Utica Shale Play
November 06 2013 - 8:30AM
Marketwired
1st NRG Corp. Enters Utica Shale Play
DENVER, CO--(Marketwired - Nov 6, 2013) - 1st NRG Corp. (OTC
Pink: FNRC) (http://1stnrg-corp.com) 1st NRG is pleased to announce
that it has signed an agreement to participate in the development
of prospective acreage in SE Ohio particularly seeking Utica Shale
potential.
Eastern Ohio - Utica Shale
With the recent technological advances in drilling techniques,
numerous operators have started looking at the Utica as the next
oil frontier with several operators comparing its potential to the
Eagle Ford Shale in Texas and the Bakken Shale in Williston Basin
of North Dakota and Montana. While it is still very early in the
play operators like Chesapeake Energy, Antero, Magnum Hunter,
Gulfport Energy, Anadarko, Petroleum Development Corp and Devon (to
name a few) have been acquiring acreage in Ohio.
1st NRG is pleased to announce that it has signed an agreement
with a private energy company to participate in the development of
prospective acreage in SE Ohio particularly seeking Utica Shale
potential. The Company will be carried in the initial vertical
test well and participate in future development with a 20% working
interest. 1st NRG Corp. will not be the operator.
As information becomes available the size and extent of the
Utica Shale resource will become more evident. The
Ordovician-aged Utica Shale is distributed across several US states
as well as Quebec, Canada and is found approximately 2,000+ ft
below the Marcellus Shale. The Utica shale is generally shallower
to the West and deepens to the East. In addition to the Utica
Shale, other formations such as the Devonian shale, Marcellus
shale, Clinton sandstone, Medina Sandstone, Trenton Limestone,
Black River, Beekmantown dolomite and Rose Run all are potential
targets below the Second Berea.
See the 1st NRG Corp. website for updates, at
http://1stnrg-corp.com
Forward-Looking Statement
This Press Release includes forward-looking statements within
the meaning of Section 27A of the Securities Act of 1933 and
Section 21E of the Securities Act of 1934. A statement identified
by the words "expects," "projects," "plans," "feels," "anticipates"
and certain of the other foregoing statements may be deemed
"forward-looking statements." Although 1st NRG believes that the
expectations reflected in such forward-looking statements are
reasonable, these statements involve risks and uncertainties that
may cause actual future activities and results to be materially
different from those suggested or described in this press
release.
Contact Information: Brad Holmes EnergyIR (713)654-4009
B_holmes@att.net
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