Cabot Oil and Gas (COG) ramps up activity in the Marcellus Shale
CNX Gas (CXG) released information on the productivity of horizontal versus vertical wells in the Marcellus Shale. A typical horizontal well in the Marcellus Shale has an initial production (IP) rate of 3.0 Mmcf per day, an Estimated Ultimate Recovery (EUR) of 3.0 Bcf, and costs $5.0 million.
Chesapeake Energy's (CHK) stock price has been hammered over the past few months due to the bursting of the energy and commodities bubble. Also, some investors have voiced concern over CHK's high debt level. However, we see this sell-off as a great buying opportunity for patient investors.
Perma-Fix Environmental Services, Inc. (PESI) Begins $150 Million Contract
Perma-Fix Environmental Services provides hazardous, mixed, and industrial waste management services and environmental engineering to industrial customers, commercial customers and the United States Government. Through their 6 major facilities in the Southern and Midwest states, they treat industrial waste which may or may not be hazardous.