The Devonian Antrim shale gas play in the northern Michigan basin is challenging the Devonian Traverse and Dundee oil booms of the 1930s and 1940s as the biggest during the more than 60 years since Michigan became a producing state. In spite of the frenzied drilling, the play has a risky streak that has resulted in cancellation of some drilling programs. The state issued 813 permits to drill in the first three quarters of 1990. That is believed to be the most for a first three quarter period in the last 50 years in the state, reports Michigan's Oil & Gas News, Mt. Pleasant, Mich. The Antrim play's share of over...

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