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Article: Powder River Basin Gas Corporation Announces Joint Venture With Emerald Operating and Rocky Mountain Exploration.
- Article from:
- Business Wire
- Article date:
- June 28, 2002
CopyrightCOPYRIGHT 2002 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Business Editors
Powder River Basin Gas Corp. (OTCBB:PRVB) announced today that it has entered into a 60/40 "joint venture" with Emerald Operating Company (EOC) and Rocky Mountain Exploration Inc. (RMEI), both privately-held Colorado Corporations to co-develop gas properties in a 7 county region of the Powder River basin of Wyoming.
The "offering" party of any leaseholds and/or producing properties in this area would retain 60% interest with the participating party(s) carrying 40%. In the event the property(s) are shared, Emerald Operating will be the Operator.
"This strategic joint venture in one of the hottest gas plays in the country, ...