Site Navigation   OGI Homepage World Industry News Exploration & Discoveries Drilling & Completion Development & Production Licensing & Concessions Geosciences LNG/LPG Health Safety Environment Company News Special Features Technical Reports Regional Spotlight Oil/Gas Prices & Analysis New Products & Services Industry Calendar Industry Book Reviews Industry Associations Industry Links Search Archives   Licensing & Concessions Wysak Petroleum leases second Powder River CBM property (4/27/2004 - OGI: Denver) Wysak Petroleum reported today it has acquired a second federal coalbed methane lease on the eastern boundary of the Powder River Basin region of Wyoming. The company secured the lease to expand its CBM asset base in Wyoming. It is located in the Weston County area of the Powder River Basin, approximately 45 miles north of the first lease. Daniel Moae, president of Wysak, said, "This region has an estimated 40 Tcf of CBM reserves. Wysak wishes to expand its asset base in natural gas and believe in the present potential and economics of expansion in the Powder River Basin region." OGI Homepage I Contact Us