North American Energy Resources, Inc. ("NAEY") is an oil and gas exploration company with the goal of extracting coal bed methane ("CBM") from coal beds using unconventional methods & new technology.
Additionally, NAEY will drill for oil and gas using conventional methods and techniques to maximize production possibilities and minimize costs.
NAEY’s 99 year pipeline lease assures it of a monopoly on all gas production in the area. This will greatly enhance NAEY’s cash flow and net worth, combining production with a pipeline delivery system.
NAEY’s wells have been in production for several months. The Mulky coal is treated in these wells using unconventional methods, and the combined natural gas production is 145MCF of gas per day.
PROFILE
North American Energy Resources, Inc. ("NAEY") has recently acquired interest in four wells that were completed in Mulky Coal using conventional techniques. The wells were drilled, logged, pipe set and cemented. The wells were also stimulated with acid and fractured. Surface equipment was installed, meter runs set and the wells were tied into the Washington Gathering System (WGS). The operator did not attempt to recover the load and the wells were never put on production. Subsequently these wells were acquired by Signature Oil Corporation. These wells are shut-in waiting on a salt water disposal system.
North American Energy Resources, Inc. also has a working interest in two producing wells operated by an affiliate. The Mulky coal was treated in these wells using unconventional methods. The wells have been on production for several months; the combined natural gas production is 145mcf per day.
North American Energy Resources, Inc. has acquired one producing Coal Bed Methane (CBM) well that is in the dewatering stage.
The Mulky coal is in the Cherokee group of sediments within the Western Interior Basin. The Western Interior Basin blankets parts of Iowa, Nebraska, Kansas Missouri and Oklahoma. The Pennsylvanian Age coals within this basin have produced natural gas since the early 1920’s. North American Energy Resources, Inc.’s first project is to develop CBM production from a Mulky coal seam in the North Bartlesville oil field. The North Bartlesville field is one of the oldest oil fields in Oklahoma, producing over a million barrels of oil from the Bartlesville sand.
The Mulky is thin coal seam (3’-4’) that blankets the field. The Mulky is embedded in the Oswego limestone at approximately 1,000 feet from surface. We tested three wells in our area of interest using new methods and technology. The test wells had initial production rates from 50 mcf per day to 120 mcf per day. There are four other coal beds that produce in the region, these zones will be tested in our area of interest. (These coal beds have produce significant quantities of natural gas in Washington county but have not been adequately tested in our of area of interest. These zones could add significant gas reserves to our projections.) In addition there was a recent discovery; the productive Mississippi Chat that could add significant reserves and cash flow.
Historically there has been no gas production in our area of interest because a natural gas market was not available. In 2002 WGS purchased an abandoned crude oil pipeline and converted to a natural gas sales line and has committed to expand their gathering system throughout the area. The sole purpose for the purchase of the pipeline was for CBM production.
Currently North American Energy Resources, Inc. has approximately 850 acres under lease. The area of interest is along the twelve mile WGS pipeline. In addition, NAEY through Apwash Pipeline, has recently increased its ownership stake in approximately 16 miles of a natural gas pipeline located in Washington County, Oklahoma from 49% to 75% ownership. The pipeline will provide service to approximately 11,500 acres of potential leases that contain multiple zones of oil and CBM formations.
Additionally, NAEY will drill for oil and gas using conventional methods and techniques to maximize production possibilities and minimize costs.
NAEY’s 99 year pipeline lease assures it of a monopoly on all gas production in the area. This will greatly enhance NAEY’s cash flow and net worth, combining production with a pipeline delivery system.
NAEY’s wells have been in production for several months. The Mulky coal is treated in these wells using unconventional methods, and the combined natural gas production is 145MCF of gas per day.
PROFILE
North American Energy Resources, Inc. ("NAEY") has recently acquired interest in four wells that were completed in Mulky Coal using conventional techniques. The wells were drilled, logged, pipe set and cemented. The wells were also stimulated with acid and fractured. Surface equipment was installed, meter runs set and the wells were tied into the Washington Gathering System (WGS). The operator did not attempt to recover the load and the wells were never put on production. Subsequently these wells were acquired by Signature Oil Corporation. These wells are shut-in waiting on a salt water disposal system.
North American Energy Resources, Inc. also has a working interest in two producing wells operated by an affiliate. The Mulky coal was treated in these wells using unconventional methods. The wells have been on production for several months; the combined natural gas production is 145mcf per day.
North American Energy Resources, Inc. has acquired one producing Coal Bed Methane (CBM) well that is in the dewatering stage.
The Mulky coal is in the Cherokee group of sediments within the Western Interior Basin. The Western Interior Basin blankets parts of Iowa, Nebraska, Kansas Missouri and Oklahoma. The Pennsylvanian Age coals within this basin have produced natural gas since the early 1920’s. North American Energy Resources, Inc.’s first project is to develop CBM production from a Mulky coal seam in the North Bartlesville oil field. The North Bartlesville field is one of the oldest oil fields in Oklahoma, producing over a million barrels of oil from the Bartlesville sand.
The Mulky is thin coal seam (3’-4’) that blankets the field. The Mulky is embedded in the Oswego limestone at approximately 1,000 feet from surface. We tested three wells in our area of interest using new methods and technology. The test wells had initial production rates from 50 mcf per day to 120 mcf per day. There are four other coal beds that produce in the region, these zones will be tested in our area of interest. (These coal beds have produce significant quantities of natural gas in Washington county but have not been adequately tested in our of area of interest. These zones could add significant gas reserves to our projections.) In addition there was a recent discovery; the productive Mississippi Chat that could add significant reserves and cash flow.
Historically there has been no gas production in our area of interest because a natural gas market was not available. In 2002 WGS purchased an abandoned crude oil pipeline and converted to a natural gas sales line and has committed to expand their gathering system throughout the area. The sole purpose for the purchase of the pipeline was for CBM production.
Currently North American Energy Resources, Inc. has approximately 850 acres under lease. The area of interest is along the twelve mile WGS pipeline. In addition, NAEY through Apwash Pipeline, has recently increased its ownership stake in approximately 16 miles of a natural gas pipeline located in Washington County, Oklahoma from 49% to 75% ownership. The pipeline will provide service to approximately 11,500 acres of potential leases that contain multiple zones of oil and CBM formations.
