SOURCE: IO News Wire

IO News Wire

February 22, 2010 09:15 ET

(OTC: HYBE) Expands Into Producing Properties With Major Acquisition

Note to Editor, the Following Is an Investment Opinion Issued by the IO NEWS Wire

NEW YORK, NY--(Marketwire - February 22, 2010) - Hybrid Energy Holdings, Inc (PINKSHEETS: HYBE) announced on Friday February 19th, 2010 that they have closed on the acquisition of nine (9) producing properties in Texas.

The state of Texas having well over 60,000 bcf of natural gas reserves is the largest producer of natural gas in the United States. The abundance of natural gas may allow the U.S. to reduce its dependence on overseas energy sources while significantly reducing greenhouse gas emissions. Natural gas produces about half of the carbon dioxide emitted by coal, and about a third less than oil, and is seen as a "bridge" fuel between petroleum and renewable fuels

A recent boom in shale gas development in states including Texas, Wyoming and Pennsylvania has been driven by advances in hydraulic fracturing in which a mixture of water, sand and chemicals are forced underground at pressures sufficiently high to open gas-bearing fissures in the shale, releasing the fuel.

For more information please visit www.hybridenergyholdings.com

Other active stocks are Dresser-Rand Group Inc (NYSE: DRC) Piedmont Natural Gas Company (NYSE: PNY) and Clean Coal Tech (PINKSHEETS: CCTC)

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