Alta Resources Development, LLC: Overview
Alta Resources Development, LLC is a privately held energy company focused on the exploration and production of natural gas and oil resources. The company's primary operational areas are concentrated within the Appalachian Basin.
Operational Focus: Appalachian Basin
The company's operations are heavily weighted toward the Appalachian Basin, particularly the Marcellus and Utica shale formations. These areas are known for significant natural gas reserves. Their activity includes horizontal drilling and hydraulic fracturing to extract these resources.
Business Activities and Strategy
- Exploration: Identifying and assessing potential resource-rich areas.
- Drilling and Completion: Constructing wells and preparing them for production, including hydraulic fracturing.
- Production: Extracting natural gas and oil from wells.
- Marketing: Selling and transporting the produced resources.
- Environmental Stewardship: Implementing practices to minimize environmental impact.
Sustainability and Environmental Considerations
The business acknowledges environmental concerns related to resource extraction, particularly regarding water usage, waste management, and methane emissions. Efforts toward mitigating these impacts are regularly reported, encompassing advancements in technology and best management practices. Transparency in operational practices and adherence to regulatory standards are integral to their approach.
Company Structure and Ownership
As a privately held entity, the precise ownership structure isn't publicly available. Information related to financial performance and major investors is generally not disclosed. Leadership typically consists of an executive team responsible for strategic direction and operational oversight.
Regulation and Compliance
Activities are subject to federal, state, and local regulations governing environmental protection, safety, and resource management. Compliance with these regulations is essential for continued operation and responsible resource development.