NuTech Energy Resources Inc. (OTC: NERG), a natural gas and oil exploration and development company, is adding over 400 miles of pipeline assets to the company's portfolio of property assets.
Of the equipment being incorporated, there are 40 miles of pipeline designed to connect adjoining fields, four dehydration stations, four compression stations, and an expanse equipped with pipeline ranging from 4 in. to 14 in. in diameter.
This structure will enable NuTech to connect multiple fields to existing stations where gas is currently being transported. As per the nature of the acquisition, the company is required to obtain updated leases and title work in like manner to 2,000 wells that the company is taking ownership of.