American Energy Development Corp. (AED) has finalized the agreement to acquire oil and gas rights to approximately 4,000 additional acres in Northern Michigan, known as the White-tail Prospect.
The White-tail Prospect considerably expands AED's presence within the state's prolific Niagaran reef proven reef play, and brings the company's total Michigan acreage to more than 5,300 acres. ...
Alaska lawmakers told there could be another 100 billion barrels of oil waiting to be discovered in the original source rocks that fueled Prudhoe Bay.
KMP has acquired all of Copano’s outstanding units for a total purchase price of approximately $5 billion, including the assumption of debt.