The acquisition consists of about 233 net acres of leasehold in Westmoreland County and includes eight producing wells of about 280mcf per day (gross) of natural gas, 145 net acres held by production, a six-inch steel pipe gathering system, and a saltwater disposal well.
Westmont president Glenn McQuiston said that with the completion of this acquisition, the company has taken the first step in its plans to acquire approximately 3,650 net acres of Marcellus leaseholds.
"We are currently under contract for two additional properties representing another 3,400 net acres of leasehold in the Marcellus," McQuiston said.
Westmont Resources is a natural resource and development company and its business model emphasizes the acquisition and operation of existing producing assets in the oil and gas industry.
