Quest Resource Corporation

From Wikimarcellus

(Difference between revisions)
Jump to: navigation, search
Revision as of 05:08, 10 November 2008
Tcopley (Talk | contribs)

← Previous diff
Revision as of 05:09, 10 November 2008
Tcopley (Talk | contribs)

Next diff →
Line 15: Line 15:
In November, Quest announced a joint venture with an unnamed company whereby it sold 4,500 undeveloped Marcellus acres while retaining its position in Wetzel County. Three wells is various stages of completion along with gas pipelines were sold to the anonymous party. In the future drilling expenses will be shared on a 50-50 basis between Quest and the other party to the venture. In November, Quest announced a joint venture with an unnamed company whereby it sold 4,500 undeveloped Marcellus acres while retaining its position in Wetzel County. Three wells is various stages of completion along with gas pipelines were sold to the anonymous party. In the future drilling expenses will be shared on a 50-50 basis between Quest and the other party to the venture.
-David Lawler is President of Quest Resource Corp. +David Lawler is President of Quest Resource Corp.
- +
- +
-$6.1 million by selling about 4,500 undeveloped acres in the field, three wells in various stages of completion and existing pipelines and other equipment to an un-named compan+

Revision as of 05:09, 10 November 2008

Here is where some info about Quest Resource 
Corporation should go. This article is still a stub and needs
your attention. It does not have a template and contains minimal
information. Please dive in and help it grow!

Quest Resource Corporation (QRCP), an Oklahoma-based exploration and production company was reported as of September, 2008 as owning 122,600 net acres in the Appalachian Basin that are prospective for Marcellus shale.

In October, 2008, Quest announced it has budgeted $11 million to cover the following drilling plans it has for the forth quarter of the year:

  • Lycoming County, Pennsylvania - One vertical test well
  • Lewis County, West Virginia - One horizontal well
  • Ritchie County, West Virginia - Two vertical wells
  • Wetzel County, West Virginia - Two horizontal wells

In November, Quest announced a joint venture with an unnamed company whereby it sold 4,500 undeveloped Marcellus acres while retaining its position in Wetzel County. Three wells is various stages of completion along with gas pipelines were sold to the anonymous party. In the future drilling expenses will be shared on a 50-50 basis between Quest and the other party to the venture.

David Lawler is President of Quest Resource Corp.

Personal tools