« Last post by edwards on September 18, 2018, 11:15:24 AM »
Appears Merit Energy Co. has assigned,conveyed and sold some/all of their interests in 21 +/- Michigan counties to Lambda Energy Resources of Dallas, Tx. Assignment in Kalkaska county shows 280 pages of leases, deeds, pipeline ROW and easements. Included in deal are Merit's natural gas processing facility in Kalkaska (Kalkaska Gas Plant) and the 225 mile long NGL pipeline which cuts through Kalkaska, Missaukee, Clare, Isabella, Gratiot, Saginaw and other counties which brings ethane and other products south. In total, some 1,257 wells in 14 counties transferred to Lambda. Oscoda county shows 190 leases assigned to Lambda. Deal was signed in July, 2018.
308 page Future Advance Mortgage signed between Lambda Energy Resources and Citibank.
Lambda Energy Resources, Dallas, Tx. Redevelops existing conventional oil and gas fields in the U.S. They buy existing fields that have remaining potential and use proven technologies to tap that potential.
CEO/President and Chief Development Officer are both Electrical Engineers with Masters in Petroleum Engineering. Lambda registered in Michigan on 7/3/18 and formed in Delaware on 2/1/18.
Lambda appears to be in Michigan to do the same thing as Layline O/G.
Gladwin County West Bay. 29 DNR leases on 8/24/18. 20N-1W, 20N-2W, 20N-1E.
Savoy Energy. 1 lease. 17N-2W Sec 28 on 8/20/18. 7 leases in 2018.
Jordan Dev. Decl. of Pooling. 19N-2W Sec 14. 19N-2W Sec 10,11,14,15.
Signed 12/13/16. Recorded 8/27/18.
Arenac County Savoy Energy. 2 lease ratifications on 9/4/18. 19N-4E Sec 12. 2018 leases.
Kalamazoo County Savoy Energy. 3 leases on 8/6/18. 2N-9W, 3N-10W. 135 total leases.
Iosco County 5 leases in 2018. 21N-5E. 3 landowner lessors and 2 oil company lessors. Landowners got 1/8 royalty and oil company lessors got 1) 18.75 % royalty and 2) 20% royalty.
1 lease had a provision that if extension was granted lessor's royalty would increase to 25%.
Meridian Energy. 6 lease extensions of ConocoPhillips leases. 21N-6E Sec 15,16. 2011 leases that now run to 2019-2021.
Lambda Energy Resources interests now in: Alpena, Alcona, Manistee, Livingston, Montmorency, Otsego, Kalkaska, Crawford, Missaukee, Antrim, Grand Traverse, Macomb, Roscommon, Benzie, Cheyboygan, Oscoda, Presque Isle, Wexford, Gladwin, Mecosta and others containing pipeline, easements, deeds,leases and ROW's.
Marathon Oil has plugging dates for: State Pioneer 1-3 HD1 (8/16/18) Missaukee Co. State Garfield 1-25 HD1 (8/16/18) Kalkaska Co. State Beaver Creek 1-14 HD1 (6/27/18) Crawford Co.