Oil and natural gas rights have been something of a debated topic in northern Michigan in the last few years. Here's the latest development from a company purchasing northern Michigan rights.
Excerpt: 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.
For the whole press release, go
here.
Source: Marketwatch.com
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