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NORTH AMERICA

Elk becomes gas producer

BRAD Lingo’s reborn Elk Petroleum has just paid the $US10 million ($A13 million) closing payment to finalise its entry into the Madden gas field and Lost Cabin plant, becoming a substantial gas, CO2 and hydrogen sulphide producer in Wyoming.

Haydn Black
Lost Cabin gas plant.

Lost Cabin gas plant.

Elk announced the purchase of the transformational asset from Freeport-McMoRan earlier this year, and with its 14% interest it has a share in 23.5 million cubic feet of gas per day.   The purchase...

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