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Latest PetroEdge Resources Stories

2008-07-15 03:00:34

By Jack Money, The Oklahoman Jul. 15--Quest Resource Corp. owns about 78,000 new acres in the Marcellus Shale natural gas field in the Appalachian Basin in West Virginia and Pennsylvania. The company picked up the land from West Virginia-based PetroEdge Resources for about $142 million in a deal that closed on Monday, officials announced. Quest Resource is making the acquisition using its master limited partnership. It will own half of PetroEdge -- primarily, it's unproved reserves...

2008-07-14 06:00:34

Quest Resource Corporation (NASDAQ: QRCP) ("QRCP" or "Quest") today announced that it has completed the purchase of privately held PetroEdge Resources (WV) LLC ("PetroEdge") for approximately $142 million, subject to post-closing adjustment. PetroEdge owns approximately 78,000 net acres of natural gas and oil producing properties in the Appalachian Basin with estimated proved reserves of 99.6 billion cubic feet of natural gas equivalent (Bcfe) and current net production of approximately 3.2...

2008-06-27 12:03:04

By Jack Money, The Oklahoman Jun. 27--Quest Resource Corp. is stepping into the Appalachia natural gas field in West Virginia and Pennsylvania. Company officials call the move significant for several reasons. First, it establishes the company outside its traditional operational area of the Cherokee Basin, located in northeast Oklahoma and southeast Kansas. Second, it gets Quest into a significant position within the Marcellus Shale, a source of natural gas in the field, because it is...


Word of the Day
cacodemon
  • An evil spirit; a devil.
  • A nightmare.
  • In astrology, the twelfth house of a scheme or figure of the heavens: so called from its signifying dreadful things, such as secret enemies, great losses, imprisonment, etc.
'Cacodemon' comes from a Greek term meaning 'evil genius.'
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