Operating Regions - In its exploration and development of oil and gas plays in Oklahoma, Pennsylvania, Texas and Washington, Citrus Energy Corporation has achieved success through the expertise and experience of its owners.
Pennsylvania. Citrus Energy Corporation is conducting a leasing program in the Marcellus Shale in Pennsylvania. As of July 2009 Citrus Energy has leased over 40,000 acres in Pennsylvania. Citrus Energy's primary positions are located in Armstrong, Clarion, Northern Columbia, and Wyoming counties. The acreage blocks are strategically located on or near pipeline infrastructure and have been high graded with seismic data. Based on current data, over 90% of the acreage is geologically drillable. Additionally, Citrus Energy has secured water permits for drilling wells, completing wells, and water disposal sites. Citrus Energy has plans to drill 5 wells in 2009.
William D. Barber, a noted shale resource expert, has joined Citrus Energy Corporation as Project Director to define geology, identify acreage, drill and develop the acreage in the Marcellus Shale. Mr. Barber has successfully applied the most advanced drilling and completion technologies in shale projects throughout the United States. Mr. Barber is located in Citrus Energy's Frisco, Texas office and he is complemented with a full support staff including land, engineering, and geology for the development of the Marcellus Shale Project. Mr. Barber is a graduate of Kansas State University with 28 years of industry experience, Bill's expertise in geology, specifically shale plays and project management make him an invaluable asset to the Citrus team.
