Energy Revenue America, Inc. (Ticker: ERAO) Million Dollar Credit Line Secured For Drilling Operations!


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Energy Revenue America, Inc. (Ticker: ERAO) Million Dollar Credit Line Secured For Drilling Operations!
Energy Revenue America, Inc. is Focused on Natural Gas in the Cherokee Basin

At Energy Revenue American, Inc., we are helping address one of the United States’ greatest challenges — energy independence.

High-Quality Coal Bed Methane

Energy Revenue America, Inc is focused on drilling Coal bed Methane natural gas wells in Nowata County in the Northeastern corner of Oklahoma in the Cherokee Basin.
Oklahoma has the 3rd largest natural gas proven reserves in the US.


Our goal is to drill 72 wells a year for the next 5 years.
Our expert staff and high-tech facilities combine to seek out pockets of CBM (coal bed methane), extract it from the ground, and deliver for sale via our pipeline some of the best and most affordable natural gas of its kind.

Energy Revenue America, Inc.  Is vertically integrated and participates in all four of these steps. 

•Exploration is how natural gas is found, and how companies decide where to drill wells for it.  

•Extraction is the drilling process, and how natural gas is brought from its underground reservoirs to the surface.  

•Production is what happens once the well is drilled; including the processing of natural gas once it is brought out from underground.  

•Transport is how the natural gas is transported from the wellhead and processing plant, using the extensive network of pipelines throughout North America. 



Breaking News Just Out !
 
ENERGY REVENUE AMERICA ANNOUNCES CREDIT LINE ESTABLISHED FOR DRILLING OF PROPOSED NEW WELLS
Energy Revenue America, Inc. (PINKSHEETS: ERAO), a firm focused on the acquisition, development and exploration of Coal Bed Methane (CBM) natural gas, is pleased to provide funding update on the Company’s 3,100 acres in Nowata County, Oklahoma.

The 1.2 Million Dollar Credit Line Funding will allow for the drilling of the first proposed  10 wells of the 300 wells ERAO expects to drill in the future on our leases, Over the next 5 years Energy Revenue America plans to drill in excess of 300 wells in the Cherokee Basin. For every well completed, the reserve value for future gas from the wells becomes a value to ERA as future income. ERA estimates that gas reserves at the end of year 2 will exceed 80 Million dollars and at the end of year 3 over 150M.  This funding is a non-dilutive transaction and is excellent as we seek to continue to increase shareholder value..

About The Cherokee Basin ..

The Cherokee Basin is located in the Mid-Continent region in southern Kansas, northern Oklahoma, and western Missouri. It is the eighth largest coalbed methane basin in the United States and covers approximately 26,500 square miles. Production of coalbed methane gas has been ongoing in the basin since the late 1980s. The predominant production is natural gas produced from coals and shales. When commodity prices increased over the past few years, the attraction to these shallow long-lived unconventional resources increased.

There are multiple producing coal zones in the Cherokee Basin including the Rowe, Riverton, Weir-Pitt, and Dawson. The carbonaceous shale zone known as the Mulky/Iron Post has been a favored re-completion target for many operators because its presence in most wells is shallower than most main objective pay zones, and most of the time adds moderate cash flow. In addition, there are other productive shale zones, as well as conventional sandstone and limestone potential that can add gas production.
The individual producing zones are generally 1 to 4 feet thick and appear sometimes as thicker coal and shale intervals. When vertical wells are drilled, these zones need to be hydraulically fractured to stimulate production. The coals in the basin are believed to be near complete saturation such that some gas production is almost immediate.

Producing coalbed methane zones get deeper moving from east to west across the Cherokee Basin. Portions of Nowata County, Oklahoma produce from depths that range from about 700 feet to about 1,300 feet in depth. Wells in this area usually cost less than 170,000 to drill and complete

Energy Revenue America, Inc. / Ticker ERAO
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