Cadence to acquire Antrim shale gas projects

By OGJ editors
HOUSTON, May 23 -- Cadence Resources Corp. of Traverse City, Mich., has signed a letter of intent to acquire from an undisclosed owner two projects producing natural gas from Devonian Antrim shale in northern Michigan.

The deal includes 11 wells with production exceeding 500 Mcfd and leases covering 5,000 acres.

Cadence earlier reported plans to acquire the interests of O.I.L. Energy Corp. and affiliates in Antrim shale gas production in the Hudson project in northern Michigan (OGJ Online, Jan. 17, 2006).

The company recently began dewatering 12 wells in the Black Bear Central and Arrowhead Antrim Units and will bring 22 others on line soon.

Related Articles

India’s ONGC to invest in Daman development in Arabian Sea

08/29/2014 India’s Oil & Natural Gas Corp. will invest $864.5 million to enhance natural gas and condensate production from its Tapti Daman block in the A...

Nexen boosts CNOOC’s first-half production

08/29/2014 Nexen Energy ULC contributed 36.3 million boe during this year’s first half to CNOOC Ltd.’s total net oil and gas production of 211.6 million boe, ...

Fitch: Drilling downturn might prompt some consolidation

08/28/2014 A cyclical downturn in offshore drilling might provide an opportunity for driller contractors having financial flexibility to buy their peers at fa...

Verma named managing director at India’s ONGC Videsh

08/27/2014 India’s ONGC Videsh Ltd. has named Narendra Verma its managing director. Verma’s previous positions include director of exploration of Maharatna ON...

Careers at TOTAL

Careers at TOTAL - Videos

More than 600 job openings are now online, watch videos and learn more!

 

Click Here to Watch

Other Oil & Gas Industry Jobs

Search More Job Listings >>
Stay Connected