In 2007, Fortuna Energy celebrated its fifth year in the Twin Tiers. Since 2002, Fortuna Energy has invested $650 million in the Twin Tiers and grown to become New York State’s most successful natural gas producer. We have achieved a number of specific milestones and memorable accomplishments since we entered the region by acquiring some wells and assets from other companies.
We operate 63 wells and produce an annual average of 99 mmcf/d. We have 140 miles of gathering system pipeline and four compressor stations. All of our facilities are located in the New York State counties of Chemung, Schuyler, Steuben and Tioga.
Milestones:
- 2002 – Fortuna Energy Inc. was incorporated as a United States corporation in the State of Delaware. Fortuna is an indirect, wholly-owned subsidiary of Talisman Energy Inc., of Calgary, Alberta, Canada.
- 2002 – Fortuna Energy Inc. acquired specific New York based Trenton / Black River assets of Fairman Drilling Company, East Resources, Inc. and ABARTA Oil & Gas Co., Inc.
- 2003 - Fortuna Energy Inc. acquired specific New York based Trenton / Black River assets of Pennsylvania General Energy Company, L.L.C.
- 2004 – Fortuna’s Reed #1 well tested at 20.3 million cubic feet per day (mmcf/d) and the Hakes #1 well at 17.5 mmcf/d.
- 2004 - Fortuna Energy Inc. acquired all of the Appalachia-based Trenton / Black River assets of Belden & Blake Corporation.
- 2004 - Fortuna Energy Inc. achieved daily production rates in excess of 100 million cubic feet per day (mmcf/d).
- 2006 - Fortuna Energy Inc. started production from the Stoscheck #1 well at 22 mmcf/d and the BJ Hartman #1 well at 12 mmcf/d.
- 2007 – Fortuna Energy Inc. celebrated its fifth year of operations in the Twin Tiers.
