SOURCE: Energy Revenue America, Inc.

Energy Revenue America, Inc.

January 09, 2014 09:00 ET

Energy Revenue America, Inc. Re-Opens Existing Natural Gas Wells and 65 Mile Pipeline in Nowata County Oklahoma

Recent Investments Have Allowed the Company to Re-Open 10 Existing Wells and Transport Natural Gas for Immediate Sale via Their 65 Mile Pipeline

DALLAS, TX--(Marketwired - Jan 9, 2014) - Energy Revenue America, Inc. (PINKSHEETS: ERAO), a firm focused on the acquisition, development and exploration of Coal Bed Methane (CBM) natural gas, is pleased to announce a production update on the Company's 3,100 acres in Nowata County, Oklahoma. Ten existing wells and the re-opening of their 65 mile pipeline have been completed and were successfully brought online in mid December 2013.

This is a significant milestone and moves Energy Revenue America, Inc. into a natural gas production mode, generating revenue and creating internal funding to re-open more existing wells. ERA has 65 existing wells that can be re-opened on their 3,100 acres. The current goal is to re-open at least 30 of the 65 wells. 

"Initial results from the 10 wells have exceeded our expectations," stated Charles H. Havens, ERA's Chairman and Chief Operating Officer. "Our team will continue to utilize data gathered from the initial production of these 10 wells as we develop the full potential of the 3,100 acres. We expect these 10 wells to generate 180,000 MCF of natural gas on an annual basis. At current prices for natural gas this is close to $1M of production."

Energy Revenue America is drilling for natural gas in the Cherokee Basin in Oklahoma which is located in the Mid-Continent region in southern Kansas, northern Oklahoma, and western Missouri. The Cherokee Basin is the eighth largest coalbed methane basin in the United States and covers approximately 26,500 square miles.

Over the next 5 years Energy Revenue America expects to drill in excess of 300 wells in the Cherokee Basin. For every well completed, the reserve value for future gas from the wells becomes a value to ERA as future income. ERA estimates that gas reserves at the end of year 2 will exceed $80M and at the end of year 3 over $150M.

About Energy Revenue America, Inc.
Energy Revenue America, Inc. is focused on the acquisition, development and exploration of unconventional natural gas projects, primarily Coal Bed Methane (CBM) and seeks to acquire and develop properties with significant undeveloped potential and apply technical and operating expertise to maximize the value of these resources.

This release includes forward-looking statements intended to qualify for the safe harbor from liability established by the Private Securities Litigation Reform Act of 1995. These forward-looking statements generally can be identified by phrases such as INCL or its management "believes," "expects," "anticipates," "foresees," "forecasts," "estimates" or other words or phrases of similar import. Similarly, statements herein that describe the Company's business strategy, outlook, objectives, plans, intentions or goals also are forward-looking statements. All such forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from those in forward-looking statements.

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