Black Hills completes acquisition of Mallon Resources Corp.

By OGJ editors

HOUSTON, Mar. 12 -- Black Hills Corp., Rapid City, SD, completed the $53 million acquisition of Mallon Resources Corp., Denver, saying it will soon launch a drilling and workover program and expects to recover more gas from Mallon's leasehold in northwestern New Mexico.

Mallon had 53.3 bcf of reserves as of yearend 2001 on Jicarilla Apache Nation lands, mostly gas in shallow sands (OGJ Online, Oct. 21, 2002). The 56,000 net acres are mostly on a contiguous block in early development stages.

Black Hills believes the shallow sands could yield additional reserves and that gas could be recoverable from deeper unexplored horizons that produce elsewhere in the San Juan basin.

The properties produce 12 Mmcfed, and Mallon operated 152 of the 174 gas and oil wells with 90-100% average working interests.

Related Articles

Kellison named to Eden Energy post

05/04/2006 Eden Energy Corp., Vancouver, BC, appointed Larry B. Kellison chief operating officer with an office in Denver.

Personnel Moves and Promotions -BG Group names new nonexecutive chairman

07/21/2003 BG Group named Robert Wilson nonexecutive chairman, effective Jan. 1, 2004, to succeed Richard Giordano, who is retiring from the BG board on Dec. ...

Black Hills appoints Garner Anderson vice-president-treasurer

07/11/2003 Black Hills Corp., Rapid City, SD, promoted Garner M. Anderson to vice president-treasurer.

Company News: BG to sell North Caspian PSA stake for $1.23 billion

03/17/2003 BG International Ltd., a unit of UK-based BG Group, reported that it would divest itself of its interest in the North Caspian Sea production-sharin...

Careers at TOTAL

Careers at TOTAL - Videos

More than 600 job openings are now online, watch videos and learn more!

 

Click Here to Watch

Other Oil & Gas Industry Jobs

Search More Job Listings >>
Stay Connected