UnionTown Energy Inc. is an Independent Oil & Gas Company whose shares trade on the OTC Bulletin Board. The Company’s focus is on the acquisition, development, and production of oil and natural gas properties. The Company’s flagship property is located in Kansas within the Cherokee basin, which has been producing gas from shale and coal deposits for over eighty years and has 2.8 Tcf of potential recoverable CBM.
UnionTown Energy Inc. has their headquarters in Las Vegas, Nevada, and their operations are in Kansas. UnionTown is a Nevada, USA registered corporation, and the Company was founded in 2010.
UnionTown Energy Inc. is pursuing a strategy of building a portfolio of energy producing assets. These assets include coal bed methane, natural gas, shale gas, oil sands, and deep natural gas throughout Western Canada and the United States.
The potential coalbed methane resource for the Company’s flagship property located in Kansas is generally defined by the presence of four or more seams in the Cherokee Group. It has yet to be determined how many of these coal seams in an individual well can be completed and produced. Individual well reserve estimates have varied from as little as .1 BCF per 160 acres to over .5 BCF per 80 acres.
UnionTown Energy Inc.’s property is approximately 45,000 Gross acres with approximately 163 Bcf gross gas in place. There is a significant amount of infrastructure nearby. The Company has the ability to purchase more leases. They intend to build a large-scale Natural Gas producing production plant, which will feed into domestic natural gas wholesalers and suppliers.
UnionTown Energy plans to use the most effective, efficient, and environmentally sensitive methods available to extract gas from the coal deposits on their UnionTown leases. Hydrofracturing is a well development process that involves injecting water under high pressure into a bedrock formation via the well. The intention is to increase the size and extent of existing bedrock fractures, pumping water into those fractures at pressures as high as 3,000 psi and flow rates as high as 85 gallons per minute.
This cleans out the fractures and allows them to interconnect with nearby water bearing fractures. Water can then flow back through these fractures and into the well at a faster rate than before.
The most important industrial use is in stimulating oil and gas wells, where hydraulic fracturing has undergone use for more than 60 years in more than one million wells. However, high-volume horizontal slickwater fracturing is a recent phenomenon. Poised to go into production at this time, UnionTown Energy has proven reserves and the oil and gas extraction technology necessary to capitalize on its position.
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