GeoMet Inc., Houston, engaged a divestment firm to market a 50% nonoperated working interest in 147 wells in the eastern part of Pond Creek field in West Virginia.
By OGJ editors HOUSTON, July 10 – GeoMet Inc., Houston, engaged a divestment firm to market a 50% nonoperated working interest in 147 wells in the eastern part of Pond Creek field in West Virginia.
The company estimated that the 50% interest represented 20% of its net daily production and 10% of its proved reserves as of Dec. 31, 2008. A data room will be open until Aug. 14.
