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American Energy Development to acquire Osprey acreage


Published Apr 18, 2012
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American Energy Development Corp.

American Energy Development Corp. has entered into an agreement to acquire oil and gas rights to approximately 1,000 acres in Southern Lower Michigan known as the Osprey prospect.

The acreage, which further expands AED's regional presence, is located within a 12 to 15 mile wide proven reef belt running through several Southern Lower Michigan counties. Other developers have established producing fields in Eaton, Ingham, Livingston, Oakland, Calhoun, Macomb and St. Clair counties.

The Osprey prospect is in close proximity to the 18.2 million barrel Onondaga field originally drilled by ExxonMobil. The prospect contains a Niagaran Reef target identified through the analysis of AED's proprietary high resolution 3D seismic data.

Tags: American Energy Development Corp.



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