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0.000204248366013031 0.000204248366013031 -5.10620915032215E-05 0.00102124183006545 0.000612745098039239 0.00122549019607848 -0.000510620915032651 -0.00245098039215681
Stock impact report

Freeburg natural gas field will save consumers money, Ameren Illinois says. How? [Yahoo! Finance]

Ameren Corporation (AEE) 
Last ameren corporation earnings: 2/26 07:15 am Check Earnings Report
US:NYSE Investor Relations: amereninvestors.com/home/default.aspx
Company Research Source: Yahoo! Finance
Since 2019, the utility company has been working toward transitioning seven of its 12 reservoirs, where Ameren stores billions of cubic feet of natural gas to be used in the colder months, from what's known as vertical drilling to horizontal drilling. This type of storage field requires a specific set of geological factors — mainly sandstone. Because the rock is so porous, Ameren can pump natural gas down hundreds of feet to be absorbed and stored. Ameren borrowed the idea for horizontal drilling from natural gas production. Instead of just drilling vertically hundreds of feet down, the company drills down and then somewhat parallel to the ground — or horizontally — for another couple of thousand feet. “You're exposing that wellhead to all of that additional pore space,” said Brad Kloeppel, Ameren Illinois' senior director of gas technical services. As more than 800,000 Illinoisans served by Ameren turn to natural gas to heat their houses and apartments with colder weather al Show less Read more
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