Americas Energy Company completes acquisition of Evans Coal Corporation

8 February 2010 - Americas Energy Company announced the closing of the acquisition of Evans Coal Corporation. Evans Coal Corporation is a 36-year-old mining company based in Flat Lick, Kentucky. Evans Coal Corporation's assets contain high quality coal reserves in Southeastern, Kentucky. According to a 2009 report by Michael Gambrel, a Kentucky Professional Engineer, the Evans Coal Corporation controls coal reserves in excess of 348 million tons, translating into recoverable reserves of 211 Million tons of recoverable coal or 13+ Billion Dollars at current market prices.

Chris Headrick, President and CEO of AENY, said that Americas Enrgy plans to continue operations of Evans Coal as a "wholly owned subsidiary of Americas Energy Company." Headrick added, "We have acquired permits from Evans Coal Corporation that will allow us to, as contracts are placed, increase our monthly coal production to approximately 100,000 tons per month."

Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now

Whitepapers

Maximizing Operational Excellence

In a recent survey conducted by PennEnergy Research, 70% of surveyed energy industry professional...

Leveraging the Power of Information in the Energy Industry

Information Governance is about more than compliance. It’s about using your information to drive ...

Reduce Engineering Project Complexity

Engineering document management presents unique and complex challenges. A solution based in Enter...

Revolutionizing Asset Management in the Electric Power Industry

With the arrival of the Industrial Internet of Things, data is growing and becoming more accessib...

Latest PennEnergy Jobs

PennEnergy Oil & Gas Jobs