Morgan Creek Energy Corp.
Company profile
The company’s focus is initially on alternative energy sources, in particular coal-based natural gas. Morgan Creek Energy’s management has considerable expertise in this area, having completed numerous Coal Bed Methane (CBM) wells in Oklahoma and surrounding areas.
Natural gas consists primarily of methane, which is produced when organic material is physically turned into coal under extreme geologic conditions. When the coal and methane conversion process occurs such that the resultant coal is saturated with water and methane is trapped within the coal, the result is ‘coal bed methane.’ Water permeates coal beds and the water pressure traps the gas within the coal. Because coal has a large and complex internal surface area, it can store volumes of gas six or seven times as much as a conventional natural gas reservoir of equal rock volume. Coal bed methane gas is kept in place usually by the presence of water. That is why the production of coal bed methane in many cases requires the dewatering of the coal for gas to be extracted. As the amount of water in the coal decreases, gas production can increase in many instances.
The United States Geological Survey has estimated coal bed gas resources of at least 700 trillion cubic feet. About 100 trillion cubic feet of that appears to be economically recoverable with existing technology. Coal bed methane gas currently accounts for about nine percent of total natural gas production in the United States.
Morgan Creek Energy is an early participant in the move toward greater diversity in natural gas production from a variety of alternative, unconventional sources.