Energy Revenue America Purchases New Compressors to Improve Reliability of Pipeline
DALLAS, TX--(Marketwired - Oct 27, 2015) - Energy Revenue America, Inc. (OTC PINK: ERAO), a firm focused on the acquisition, development and exploration of Coal Bed Methane (CBM) natural gas, is pleased to provide an update on the Company's recent activities.
After spending the past twelve months repairing and updating their 65 mile natural gas pipeline, Energy Revenue America, Inc. (ERA) has replaced their older leased compressors with newly purchased compressors.
The newly acquired compressors are more compatible with the renovated pipeline and will improve performance and reduce maintenance cost.
"These new compressors will improve our "up time" as spare parts are now compatible between the various compressors. The fact that we own the compressors will result in lower monthly maintenance cost and will reduce the space parts inventory we have to carry," says Charley Havens, ERA Chairman and COO.
About Energy Revenue America, Inc.
Energy Revenue America, Inc. is focused on the acquisition, development and exploration of unconventional natural gas projects, primarily Coal Bed Methane (CBM) and seeks to acquire and develop properties with significant undeveloped potential and apply technical and operating expertise to maximize the value of these resources.
This release includes forward-looking statements intended to qualify for the safe harbor from liability established by the Private Securities Litigation Reform Act of 1995. These forward-looking statements generally can be identified by phrases such as INCL or its management "believes," "expects," "anticipates," "foresees," "forecasts," "estimates" or other words or phrases of similar import. All such forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from those in forward-looking statements.
Source: Marketwired (Canada)
(October 27, 2015 - 9:01 AM EDT)
News by QuoteMedia