NuTech Energy Resources acquires 400 miles of pipeline

NuTech Energy Resources, Inc., a natural gas and oil exploration and development company, is adding over 400 miles of total pipeline assets to the Company’s growing portfolio of property assets.

Of the equipment being incorporated, there are 40 miles of pipeline strategically designed to connect adjoining fields, four dehydration stations, four compression stations, and an expanse equipped with pipeline ranging from four to 14 inches in diameter.

This structure will enable NuTech to connect multiple fields to existing stations where gas is currently being transported, making it increasingly equitable to operate, keeping capital and upgrade expenses to a minimum. As per the nature of the acquisition, the company is required to obtain updated leases and title work, in like manner to the recently announced 2000 wells that the Company is taking ownership of.

NuTech Energy Resources, Inc. recently announced that the company is very moving forward on a plan to take ownership of an additional 7000 wells situated on State and Federal land in the state of Wyoming, following an agreement to acquire 2000 previously announced wells, and the Emerald Operating and Rocky Mountain Exploration Wells, an operation representing 74 existing wells, and their underlying lease agreements. Additionally, NuTech will acquire Emerald’s minority non-operator interest in 42 of Mountain Hawk Exploration’s wells.