Plateau Mineral Development, Inc. Announces Contract With SPECTRA Energy
Plateau Mineral Development, Inc., along with its partner, Plateau Mineral Development LLC, is pleased to announce that on October 31, 2008, the firm signed a contract with East Tennessee Natural Gas (ETNG), a division of SPECTRA Energy. An advanced contract price of $70,000.00 was paid to ETNG to close the deal. Completion of this contract will provide a fully operational meter station that monitors the natural gas for quality, heat content and any potential pollutants. In the event that the quality is not met, the meter controls within the station close the valve to the pipeline.
ETNG is currently in the process of ordering the long lead-time items such as the ABB gas chromatograph, the station monitor, control computer and other items, which will be used to manage the valve located at the Morgan #4 tap.
Estimated lead-time for completion is eight to twelve weeks because of the increased demand across the country for the ABB gas chromatographs, control computers, performance monitors and telemetry.
Robert Matthews, President of Plateau Mineral Development, states, “The contract between PMD and ETNG/SPECTRA is one we’ve been anxious to officiate. Now that we have and a deposit has been paid, we look forward to their work on our site.”
