Cardinal Energy to buy Kansas Petroleum assets

Cardinal Energy Group Inc., Dublin, Ohio, has signed a binding agreement with Kansas Petroleum Resources LLC to purchase a 100% working interest in oil and gas leases and other operational assets in Pawnee and Hodgeman counties, Kan.

The leases cover 17,000 acres of land and include 19 oil and gas wells that produce oil from the Mississippian limestone, Lansing-Kansas City limestone, Cherokee sand, and Permian Chase Group. The acquisition will boost Cardinal’s oil production by 300 b/d, and the company believes it can double the field’s production.

The assets also include 3D seismic surveys, 19 vertical oil-producing wells, and two water disposal wells that have been drilled into the Arbuckle formation.

Related Articles

Shell submits revisions to its 2015 Chukchi Sea exploration plan

08/29/2014 Shell Offshore Inc. submitted revisions to its previously approved Chukchi Sea exploration plan on Aug. 28, a spokesman for the company confirmed. ...

BLM announces California oil, gas strategy as CCST issues report

08/29/2014 The US Bureau of Land Management’s California state office announced a comprehensive strategy for its oil and gas program in the state after receiv...

MARKET WATCH: Crude oil futures end trading session higher in New York

08/29/2014

Crude oil futures prices trended upwards Aug. 28, ending the day’s trading session higher, while the ICE contract for Brent retreated.

EIA: US sees lowest pre-Labor Day gasoline prices in 4 years

08/29/2014 US retail prices for regular gasoline averaged $3.45/gal on Aug. 25, which was lowest price on a Monday preceding the Labor Day holiday in the US s...

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