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Meridian resources completes acquisition of oil wells and leases in southern Michigan Basin

12/11/2017

 
Effective December 1, 2017, Meridian Resources has completed the acquisition of 12 operated wells, 3,419 acres (1,226 acres HBP), and associated gathering systems and right-of-ways in the prolific Albion-Scipio Field of the southern Michigan Basin. Eleven of the acquired wells produce from Ordovician Trenton-Black River formation hydrothermal dolomite, and one produces from a Silurian Niagaran reef. Meridian intends to grow production over the remainder of 2017 and through 2018 by recompleting several wells in proven behind-pipe zones.

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