Michigan Oil and Gas Development: 2012 in Review
Michigan oil and gas drilling activity will likely end up at a similar level as last year, but interest still remains in the state’s potential going into 2013.
Oil and natural gas issues are still making headlines around the nation, although drilling activity in Michigan lags. After a slow start, Michigan oil and natural gas drilling activity this year will likely be on par with 2011, when 150 wells were completed, according to Michigan Oil and Gas News. That’s still dramatically fewer than before the 2008 financial crisis. To date, nearly one-half of all activity this year was in the south central part of the state, especially Lenawee and Jackson counties. Wells in those counties are targeting oil in the Trenton and Black River geological formations. Despite lower drilling activity in the state for the past several years, there’s still substantial investment and interest in natural gas potential…
