The new owners of natural gas wells in western Idaho say they plan to spend more and drill more to find more gas in Idaho.
Snake River Oil and Gas President Richard Brown tells the Idaho Statesman in a story published Saturday that the wells along with thousands acres of leased land mean the companies can expand their exploration. The company is partnering with Texas-based AM Idaho LLC.
The companies recently purchased the gas wells from Bridge Resources Corp. and its partner, Paramax Resources Ltd.
Those companies in 2010 produced what appear to be commercially viable natural gas wells after drilling 11 wells in Payette County.
The new owners plan to use advanced technology that allows geologic mapping of the region to find more natural gas.
Was this article valuable?
Here are more articles you may enjoy.
Insurify Starts App With ChatGPT to Allow Consumers to Shop for Insurance 
Former Broker, Co-Defendant Sentenced to 20 Years in Fraudulent ACA Sign-Ups 
Florida Engineers: Winds Under 110 mph Simply Do Not Damage Concrete Tiles 
Munich Re Unit to Cut 1,000 Positions as AI Takes Over Jobs 
