BOWLING GREEN, Ky., April 18, 2012 /PRNewswire/ -- Today, Encore Energy, Inc. announced plans for 2012 and its oil and gas projects in Texas and Ohio.
Encore and a confidential industry partner have signed an agreement to participate in the potential development of the Utica Shale of Eastern Ohio. Under this agreement, Encore shall represent certain oil and gas properties as it relates to marketing certain assets to larger operators currently involved in the play and/or that have plans to drill and operate Utica Shale properties in the future. At the same time, Encore and industry participants are making potential plans to sponsor future drilling projects in this area of the Utica Shale.
Encore is currently making plans to drill its first horizontal oil project in Texas in the near future.
"Advancements in horizontal drilling and completion technology have transformed the US petroleum industry. Horizontal drilling for oil and natural gas continues at an explosive rate in the Eagle Ford, Haynesville, Bakken, Marcellus, Utica and other prominent shale plays," said Steve Stengell, Encore's President and CEO.
Encore is a proud member of the IPAA Independent Petroleum Association of America, Society of Petroleum Engineers, NFIB National Federation of Independent Businesses and Bowling Green Chamber of Commerce.
The American Oil and Gas Reporter magazine recently released a feature article regarding Steve Stengell and Encore Energy, Inc., "Experienced Executives Form Companies to Find Oil, Liquids," www.aogr.com/index.php/magazine/editors-choice/experienced-executives-form-new-companies-to-find-oil-liquids
Steve Stengell has recently been recognized by Who's Who for his extraordinary leadership and excellence in the oil and gas industry, www.24-7pressrelease.com/press-release/stephen-s-stengell-recognized-by-worldwide-whos-who-for-excellence-in-the-oil-and-natural-gas-industry-270127.php
If you would like a copy of this article or find out more about Encore Energy, Inc., please contact Bill Champion at (855) 238-1242, ext. 230 or email him directly at [email protected]
This release contains forward-looking information and certain goals and/or timelines may or may not be achieved by the Company. There can be no assurance as to the successful capital raise necessary to fund various oil and gas projects for the Company. There exist tremendous risk and uncertainty associated with oil and natural gas exploration and development. Horizontal drilling increases the mechanical risks of operations. No assurances can be made as to the future production rates, reserves, etc. for any given project. It is impossible to accurately forecast oil and/or natural gas production rates, reserves, prices, lease operating expenses, etc. Production estimates may be reported in natural gas equivalent. It is also impossible to accurately predict or estimate the future value of Encore. No assurances can be made that the company will raise the necessary level of funding and/or achieve results from future operations to make the proposed future operations herein profitable. There may be additional risks associated with the Company's operations not known at this time such as project cost overruns, environmental risks etc. This is not an offer to sell a security nor is it an offer to buy a security. An offer can only be made by a prospectus and this is not a prospectus.
SOURCE Encore Energy, Inc.