Meridian resources acquires production and acreage in henderson Co., Kentucky

With an effective date of January 1, 2018, Meridian acquired 100% of the working interest ​and became operator of record for a producing 900-acre leasehold in near the community of Niagara, Kentucky. Six of thirty-two existing wells are producing oil, and Meridian plans to grow production by working over and returning the shut-in wells to production. The field produces from shallow (650') Pennsylvanian sandstone and slightly deeper (1650') Upper Mississippian Tar Springs sandstone. Significant development upside exists through infill drilling and waterflood implementation, which Meridian plans to commence in 2019.