Exploration & Production | Deals - Joint Ventures | Top Story
Westbridge, Black Pearl to Develop New TX Unconventional Project
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Westbridge Energy Corporation and Black Pearl Holdings, LLC will be collaborating on an unconventional wet gas play in southern Texas. This new project is called the Frigate Island Project.
Westbridge and Black Pearl intend to source strategic and financial partners to partake in the leasing, exploration and development of the Frigate Island Project. This project represents one of the latest initiatives of Westbridge and Black Pearl and is indicative of the more than 500 leads and prospects identified as part of the joint venture and planned merger between the companies. Discussions have commenced with multiple potential partners and formal proposals are anticipated in the near term.
Unconventional gas plays are highly attractive to industry participants and Westbridge and Black Pearl…
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