Energen Corp. has acquired additional land for natural gas exploration in Alabama, but Chief Executive James McManus identified sites only in Bibb and Greene Counties.
"It's our stealth play," McManus said in an interview, talking about natural gas land in an unidentified Alabama location. "It is an area with very little competition. We are the only ones who know what we have."
It's part of a great land grab going on mostly in St. Clair County and farther north, where Energen and a unit of New York-based rival Loew's Corp. are trying to extract natural gas from underground shale formations. Loew's has 14 wells under some stage of development in St. Clair County.
Subscribe to:
Post Comments (Atom)
1 comment:
have they found natural gas in st. clair county? when will they start drilling, when will the land owners see their share of royalties?are they drilling in steele al? let us know thanks....landowner
Post a Comment