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NERG (NuTech Energy Resources Inc.)


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nutechNuTech Energy Resources Inc. (NERG) is a Newly Traded, U.S. vertically integrated Natural Gas Production Company who is focusing on the acquisitions of abandoned coalbed methane gas wells in the U.S. and converting the wells into full operation.

The U.S. Energy Information Administration (EIA) predicts Americans will consume approximately 76.2 billion cubic feet per day in 2015 and will increase to 76.4 billion cubic feet per day in 2016. To assist in the consumption increase, NERG is seeking to acquire abandoned coalbed methane gas wells primarily in the U.S. largest coal reserve known as the Powder River Basin in the state of Wyoming. Upon acquisition, NERG will utilize a patented, proprietary technology to produce natural gas without pumping water out of the ground from inside the well and will reduce overhead costs by nearly 60% as opposed to the conventional methods of natural gas production today.

 

Market

  • Natural gas is an energy source often used for cooking, heating, and electricity.
  • In 2014, the U.S. consumed nearly 26.79 trillion cubic feet of natural gas.
  • The U.S. EIA forecasts the Henry Hub natural gas price will average $3.05/MMBtu in 2016.
  • Wyoming’s Powder River Basin is known as the nation’s largest coal reserves that supplies approximately 40% of the U.S. coal.

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