In 2010, Talisman Energy USA (formerly Fortuna Energy Inc) enters its nineth year in the Twin Tiers. Since 2002, Talisman has invested 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.
As of January 2010, we have over 100 producing wells, nearly 200 miles of gathering system pipeline and six compressor stations. Our facilities are located in the New York State counties of Chemung, Schuyler, Steuben and Tioga and in Bradford and Tioga counties of Pennsylvania.
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. In 2007, Fortuna drilled 14 wells and participated in an additional 7, with $125 million spent in total exploration.
- 2008 - Fortuna celebrated the ribbon cutting of its new headquarters building in Airport Corporate Park, Horseheads NY.
- 2008 - Fortuna's first Pennsylvania well, of the Marcellus Shale formation, went on production in Troy, PA.
- 2009 - Fortuna surpasses milestone of 50mmcf/d production of natural gas in Marcellus Shale development and exits 2009 with 65mmcf/d Marcellus Shale production.
- 2010 - Fortuna Energy becomes Talisman Energy USA Inc.
