NuTech Energy Resources Inc. (OTC: NERG) said Dec. 10 it has acquired more than 400 miles of pipeline assets in Wyoming from an unnamed seller. The value of the transaction wasn't disclosed.

The acquisition includes 40 miles of pipeline designed to connect adjoining fields, four dehydration stations, four compression stations, and an expanse equipped with pipeline ranging from 4-14 inches in diameter.

The structure will enable NuTech to connect multiple fields to existing stations where gas is currently being transported, according to the release.

The company will continue to focus on adding to the current inventory of its coalbed methane wells in the Powder River Basin of Wyoming, with plans to convert them into "profitable producing assets," the release said.

NuTech is currently working on closing a deal for 7,000 wells on state and federal land in Wyoming. The company has already purchased about 2,000 wells in the region.