Black Diamond Energy was once one of the fastest growing private companies in the Pittsburgh region operating natural gas wells, primarily in Wyoming. While natural gas prices were over $10 /MCF a few years ago, coal bed methane extraction was a financially viable business model.
The drop in the price of the commodity to the $4 range made the process uneconomical and resulted in pressure from lenders, the shutting in of hundreds of wells and cessation of distributions.
Investors who lost money on the Black Diamond Energy partnerships may be able to recover losses through FINRA arbitration. If you would like to learn your legal options for losses on oil and gas investments including the following, please contact us:
- Black Diamond Energy 2005-A
- Black Diamond Energy 2005-B
- Black Diamond Energy 2006-A
- Black Diamond Energy 2006-B
- Black Diamond Energy 2007-A
- Black Diamond Energy 2007-B
- Black Diamond Energy 2008-A
- Black Diamond Energy 2008-B
Rex Securities Law , with offices in Boca Raton, FL, and Austin, TX, provides representation to investors nationwide who are seeking recovery of investment losses due to the negligence or fraud of stockbrokers and broker dealers. If you have questions about how your account has been handled, call to speak with an experienced securities attorney.
Most cases handled on a contingent fee basis meaning that you do not pay legal fees unless we are successful.
Florida-561 391 1900