Last week members of CX-Energy attended NAPE East. The North America Prospect Expo East, NAPE East, is the marketplace for buying, selling and trading of oil and gas prospects and producing properties in the Appalachian Basin.
The Pittsburgh Trib featured us in their article about the event:
“Both CX-Energy of Wexford and Western Pennsylvania Gas Leasing Consultants LLC of Greensburg have signed up landowners into cooperatives trying to lease tens of thousands of acres of gas rights north of Pittsburgh, especially in Crawford County.
CX-Energy had a steady stream of production company officials, and Western Pennsylvania Gas Leasing Consultants had a steady stream of geologists visiting throughout Thursday morning, their company officials said. Pittsburgh companies would benefit from this kind of event every year where they know buyers are going to be interested specifically in Appalachian opportunities, they said.
Houston’s “NAPE is more like a needle in a haystack,” said Christopher Cracraft, a director of landowner group development at CX-Energy, a division of Co-eXprise Inc. “Here we have a good chance. This gives us all the opportunity we need to make that (sale) for our landowners.”
While anybody could have paid about $200 to attend the expo, nearly all the people there came from the corporate world, including the companies like CX-Energy that are representing large groups of landowners. Oil and gas deals are too complicated to put together on the spot, so much of conversation happens just to lay groundwork for deals, Young said.”
Read the entire article here: http://triblive.com/business/