Heartland Oil and Gas Corp. (HTOG.OB) is an oil & gas exploration and production company. The Company develops coal bed methane gas resources in eastern Kansas and Texas. The Company’s exploration activities are focused on the Cherokee and Forest City Basins, which are believed to be two of the largest US coal bed methane (CBM) basins. Heartland Oil and Gas is comprised of a strong team of consultants consisting of seasoned geologists, petroleum engineers and technicians in order to implement an aggressive drilling and pipeline expansion program in eastern Kansas.
Heartland specializes in coal bed methane prospects and deploys advanced technologies that can profitably re-develop mature fields containing millions of feet of gas considered uneconomic by other producers. The company believes that by structuring attractive lease/royalty packages, it has been and will be able to rapidly build a large portfolio of approximately one million acres and numerous high-quality drilling prospects.
The Petroleum Technology Transfer Council estimates there are nearly 10 trillion cubic feet of natural gas reserves in eastern Kansas alone (Cherokee Basin). In addition, the Forest City Basin is believed to contain approximately one trillion cubic feet of gas. Heartland owns 45 wells in various stages of development covering about 100,000 acres in Kansas. These wells include 26 coal bed methane wells producing in the Lancaster Field, 12 in the Jake Pilot that will be converted to a production field, 3 in the Beagle Pilot, 4 in the Osawatomie Pilot and 3 saltwater disposal wells.
Let us hear your thoughts: Heartland Oil and Gas Corp. Message Board