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

Judge bars Anadarko e-mails as evidence in Macondo blowout hearing

03/21/2014 A federal district judge in New Orleans refused to accept e-mails between Anadarko Petroleum Corp. and BP PLC as evidence in a hearing to determine...

Industry group welcomes most UK budget moves

03/21/2014 Oil & Gas UK voiced support for all but one of several measures affecting the offshore producing industry announced in the UK government’s annu...

MARKET WATCH: Crude oil, gas futures prices slide entering spring

03/21/2014

The first day of spring in the northern hemisphere was marked by lower crude oil and natural gas futures prices.

OMV acquires West of Shetland licenses from Hess

03/21/2014 OMV AG has reached an agreement with Hess Corp. to acquire four licenses in West of Shetland, UK, including Cambo field and the Blackrock prospect,...

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