Superior Oil & Gas Awarded Permit for Gas Pipeline
Superior Oil & Gas has received its LOA permit from the United States Department of the Interior, Bureau of Land Management, for its pipeline right-of-way in Rio Blanco County, Colorado. Superior is designing a 12-inch, 18-mile gas pipeline capable of carrying up to 30,000,000 cubic feet of gas per day with a $0.60 per thousand cubic feet of gas gathering fee.
"The announcement of this permit gives us another opportunity
to create a revenue stream for our company,'' stated Dan
Lloyd, CEO of Superior Oil & Gas Co. ``We continue to execute
our business model through this permit and the previous
agreements to purchase gas wells. In addition, we are targeting
other properties and hope to inform our shareholders regarding
the specifics in the near future."