May 18, 2010 ( Investorideas.com energy newswire) –Investorideas.com, an investor research portal covering oil and gas and coal stocks, as well as other leading sectors, updates energy investors with an overview of publicly traded companies active in the Illinois Basin.

 

The Illinois Basin covers an estimated 60,000 square miles in central and southern Illinois, south- western Indiana, and western Kentucky.

 

Energy stocks in the area include Indigo-Energy, Inc. (OTCBB: IDGG), Rex Energy Corporation (NASDAQ:REXX) as well as several of the largest coal companies in the US.

 

Indigo-Energy, Inc. (OTCBB: IDGG) is an independent Nevada energy company, engaged in the drilling, development, production and acquisition of certain oil and gas reserves located in different geological regions around the United States.

This involves drilling of developmental oil and gas wells at the different program sites on proven reserves. It also includes the purchase of producing oil and gas wells, and existing oil and gas leasehold interests.

More info:  http://www.investorideas.com/CO/IDGG/  or http://www.indigo-energy.com/

 

Recent News: Indigo-Energy (OTCBB: IDGG) Updates Progress in the Illinois Basin

 

Indigo-Energy, Inc. (OTCBB: IDGG) is pleased to update its progress on natural gas production in the Illinois Basin. The Company began completion efforts on one vertical well and two horizontal wells back in December of 2009 and announced in March that these wells had begun flowing and flaring a significant volume of natural gas. Since that announcement, the Company and its operating partners in the basin have successfully completed testing and inspections by the state utilities regulatory commission and passed gas quality testing with the pipeline company. Additionally, the Company announced that a contract for the purchase of gas had been signed and that final steps were being taken to ensure the most consistent and optimum flow of gas to the pipeline once production into the pipeline begins.

Read news: http://www.investorideas.com/CO/IDGG/news/5131.asp

 

Rex Energy Corporation (NASDAQ:REXX) is an independent oil and gas company operating in the Illinois Region and the Appalachian Region of the United States. The company has pursued a balanced growth strategy of exploiting its sizable inventory of lower risk developmental drilling locations, pursuing its higher potential exploration drilling prospects and actively seeking to acquire complementary oil and natural gas properties.

Recent News:  Rex Energy posts $2M profit

(http://pittsburgh.bizjournals.com/pittsburgh/stories/2010/05/03/daily27.html?ana=yfcpc)

 

Other smaller energy stocks in the Illinois Basin play include Kentucky USA Energy, Inc. (OTCBB: KYUS.OB), an exploration stage natural gas exploration company and

Strategic American Oil Corporation (OTCBB: SGCA).

 

Coal stocks in the Illinois Basin include Peabody Energy (NYSE: BTU), Natural Resource Partners L.P. (NYSE: NRP) and Alliance Resource Partners, L.P. (NASDAQ: ARLP). Peabody Energy's operations are geographically diverse within the United States and around the world, with locations on five continents. Peabody has the number one position in the Powder River Basin, Southwest, Illinois Basin and Colorado. NRP owns coal reserves and coal handling and transportation infrastructure in the three major coal producing regions of the United States: Appalachia, the Illinois Basin and the Powder River Basin. In addition, the partnership owns and manages aggregate reserves being mined in six states.  ARLP is currently the fifth largest coal producer in the eastern United States with mining operations in the Illinois Basin, Northern Appalachian and Central Appalachian coal producing regions.

 

Read the history of the Illinois Basin:

http://www.ioga.com/Special/Geohist.htm

 

To research more energy stocks in the Illinois Basin and other plays investors can turn to  

the Investorideas.com oil and gas stocks directory list of publicly traded stocks from multiple global stock exchanges including TSX, ASX, OTC, NASDAQ and NYSE. Other sub sectors featured within the directory includes Bakken Stocks and Oilsands stocks.  Visit: http://www.investorideas.com/OGSN/Stock_List.asp

 

Investorideas.com Showcase Energy Stock: Indigo-Energy, Inc. (OTCBB: IDGG)

Profile Page on Investorideas.com http://www.investorideas.com/CO/IDGG/

  

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