LIGHTNING RELEASES (05/01/2014) – Steve Stengell recently participated as the keynote speaker and chairman of the 4th Annual Utica & Marcellus NGL & Natural Gas Markets & Takeaway Congress 2014 in Columbus, Ohio. Mr. Stengell’s presentation focused on developing a model for the Utica Shale in Eastern Ohio to estimate future production and reserves. This detailed presentation provided attendees with an in-depth status report and analysis of Utica operations.
Mr. Stengell and his company, Encore Energy, Inc., are currently working with industry partners to develop Utica prospect(s) in Eastern Ohio. The investment objective is to drill and develop the Utica Shale of Guernsey County, as a transition is made into the “rich gas” and “oil” windows. This project is located off-set to Antero Resources where Utica wells have initially tested at a rate of more than 1,000 barrels of oil equivalent per day.
Encore has facilitated multiple oil and gas lease transactions with major Utica Shale operator(s) while planning future operations of their own. Encore recently facilitated the sale of a “shallow oil” 2,500-acre producing property in Ohio and has access to large acreage plays and producing properties throughout the Eastern US.
Mr. Stengell, and his team at Encore, are also participating in the potential acquisition and development of large conventional oil and gas operations tracts in Kentucky and Ohio. The company has recently signed agreement(s) with certain private investment group(s) for the purpose of potentially developing these projects for the long-term.
Encore is scheduled to close its first 10-well drilling program that is targeting multiple oil formations in Western Kentucky.
As the former President CEO of Allied Operating Texas, Mr. Stengell and his team drilled and developed the Wallrath #1H horizontal Woodbine well located in Leon County, Texas. The Wallrath #1H produced 58,000 barrels of crude oil in its first year of production.
The American Oil and Gas Reporter magazine released a feature article about Encore Energy, Inc. and Steve Stengell’s professional experience, http://www.aogr.com/index.php/magazine/editors-choice/experienced-executives-form-new-companies-to-find-oil-liquids
For more information regarding Encore Energy, Inc., please visit www.encore-energy.com or via e-mail at [email protected]
Cautionary Statement: Oil and gas exploration involves a high degree of risk and uncertainty. The information herein may include forward-looking statements for illustration purposes and the actual outcome may be different than originally projected. No assurances can be made as to estimates, timelines, etc. This is not an offer to buy or sell a security. An offer to buy or sell a security can only be made to accredited investors by a private placement memorandum and this is not a private placement memorandum.