Larry Hillabrandt, president of Domestic Energy, said: Domestic Energy has people in the gas fields of Tennessee today, launching its bid to become one of the large independents operating in the state. We will initially focus on acquiring existing wells and shale leases, and then begin the construction of a gas gathering system and finally putting the newly acquired and drilled wells into production for oil and gas.
We believe that the Chattanooga Shale on the Cumberland Plateau in Tennessee will prove to be as economically productive as the Barnett Shale in Texas and the Marcellus Shale that stretches from New York through West Virginia.
