Stock Market Alerts' performance stock list includes: Mammoth Energy Group, Inc. (PINKSHEETS: MMTH), BJ Services Company (NYSE: BJS), Devon Energy Corporation (NYSE: DVN), Anadarko Petroleum Corporation (NYSE: APC).

Once again, Mammoth Energy Group, Inc. (PINKSHEETS: MMTH) released news that should have the attention of speculative investors this morning. Yesterday after the stock markets closed, the company issued a press release announcing that it's wholly owned subsidiary, KMV Consulting, has successfully completed two wells in its shallow gas project in Rogers County, Oklahoma.

This could be additional great news that may get the attention of traders. With these two wells, the total well count is now 12 producing wells. The two new wells were brought on-line in August and September and are on pace to add about 100,000 cubic feet per day (100 MCFD) in natural gas production as dewatering of the wells is completed. This should raise total production to just under 600 MCFD, which on a 12 month average for natural gas prices is the equivalent of about $3,900 in revenues per day before deducting line charges, royalties and operating expenses.

According to the press release, KMV Consulting has a 75% net revenue interest in these 12 gas wells on 1,075 net acres in Northeastern Oklahoma. This project has tremendous upside since it is located on a shallow, blanket gas field where nearly every well drilled produces natural gas and occasionally small amounts of oil.

This is a stock for speculative investors to continue watching! "We are very pleased with how this project is coming along," said Christopher Miller, Mammoth's Chief Executive Officer. "We believe that this project will be one of our foundations where we can consistently add to our cash flow every month by bringing new wells on-line. Because this is a blanket coal seam, nearly every time we drill we expect that we will find natural gas and occasionally some oil. These wells produce at depths anywhere from 350 to 1,200 feet and are very economical to drill. As such, it is our goal to quickly expand our production base in Rogers County by having about 25 wells on-line by year end."

KMV acquired the property in May 2006 and in this short time has reduced operating expenses by replacing old equipment, improved production by adding compressors and has already added two wells. KMV is now working to secure additional acreage while scheduling other drilling and completion efforts to bring more wells on-line.

Just last week Mammoth Energy announced that it's wholly owned subsidiary, ProTerra Oil and Gas, Inc, had drilled and completed its first well in Ellis County, Kansas. That well, the #1 Fredd Haas which was completed in late August, has steadily pumped 60 barrels a day since its completion. The company stated that the #1 Fredd Haas should net 23 barrels a day to Proterra, or approximately $40,000 per month in production revenues. In that press release, Christopher Miller, Mammoth's CEO, stated "We have found oil in two Arbuckle wells, and will drill an offset to these producers within five months." ProTerra has a 45% working interest in both wells.

A profile of Mammoth Energy Group, Inc. can be found at: http://www.wallstreettradingalerts.com/MMTH092506.html

Before the company's news was released, the stock closed on Monday at Fifty Seven cents a share.

According to company information, KMV is focused on developing shallow gas projects in northeastern Oklahoma due to the low risk, blanket characteristics in the area that make it possible to drill and produce a well nearly every time. It is currently focused on developing its Rogers County, OK project into a property with between 8,000 and 12,000 total net acres leased where it can embark on a drilling program aimed at getting 200 to 300 wells on-line. With drilling and completion costs under $100,000 per well, this project is positioned to grow consistently each month as new wells are brought on-line.

KMV Consulting's parent company, Mammoth Energy Group, Inc., was formed with the goal of becoming a recognized regional player in the independent oil and natural gas industry by growing the company's oil and natural gas reserves. The acquisition of its two wholly owned subsidiaries has provided a foundation from which to grow in two excellent regions: northeastern Oklahoma shelf and the Rocky Mountain region.

Other Stocks of interest yesterday were:

BJ Services Company (NYSE: BJS) up 1.9% on 9 million shares traded. BJ Services Company is a provider of pressure pumping and other oilfield services to the petroleum industry.

Devon Energy Corporation (NYSE: DVN) down 0.3% on 9 million shares traded. Devon Energy Corporation is an Oklahoma City-based independent energy company engaged in oil and gas exploration, production and property acquisitions.

Anadarko Petroleum Corporation (NYSE: APC) up 1.2% on 7.6 million shares traded. Anadarko Petroleum Corporation's mission is to deliver a competitive and sustainable rate of return to shareholders by exploring for, acquiring and developing oil and natural gas resources vital to the world's health and welfare.

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