American Energy Development is an independent energy company focused on creating energy independence in the United States through developing acreage in established oil and gas basins. The company uses the latest geological, geophysical, and environmental technology to locate, drill, and produce oil and gas in the U.S. and secure regions. AED is presently focused on developing Niagaran oil reefs in Michigan, as well as the underexplored onshore basins of the United Kingdom.
AED’s current holdings include more than 30,000 acres of what the company considers to be prime oil and gas acreage with vast prospective potential reserves. The company intends to take full advantage of its acreage by utilizing both proven and pioneering technologies. AED’s regions have been targeted by companies like ExxonMobil, Royal Dutch Shell, Marathon Oil, and WestBay Exploration.
AED’s strategy for establishing American energy independence includes utilizing cutting-edge geological and geophysical technology to reduce risk; focusing on near-term revenue projects in areas that are proven; fully developing current acreage with additional drilling targets; and building a diversified portfolio that consists of low-risk, high-impact oil and gas properties in proven regions. Through its strategy of acquisition and exploration, AED has acquired 30,043 acres of prime oil and gas acreage, as well as 19.23 square miles of high quality 3-D seismic data on its acreage, targeting prolific gas and oil formations in proven basins.
AED’s Dansville Niagaran Reef Prospect in Ingham County, Mich., includes 1,343 acres that are located among wells drilled by majors like ExxonMobil, BP, and regional major player WestBay Exploration. Michigan reefs have produced 472 million barrels of oil and 2.8 TCF gas with AED’s acreage, located within a proven oil-bearing southern reef trend. The company has utilized 3D seismic technology that wasn’t available on previous exploration programs over the area. Brown-12, the first of three prospects, was drilled in 1972 and reported an initial production of 583 barrels of oil per day; this prospect lies contiguous to a reef that ExxonMobil drilled that has already produced 606,000 barrels of oil.
The company’s White-Tail Niagaran Reef Prospect in northern Michigan includes 4,000 acres within an area that is known for prolific Niagaran reef structures exploited by Royal Dutch Shell and BP, as well as proven shale acreage that counts players like Chesapeake, Chevron, and Encana. This prospect is located in a play covering around 2.5 million acres within the proven oil-bearing reef belt that is 12-15 miles wide. Reefs in the area range from 50-400 acres and are 200-700 feet deep. The two largest drilled reefs have been drilled in the Northern Trend and are the Chester 18A field (with 14 million barrels of recoverable oil drilled by Royal Dutch Shell) and the Grant 13 field (with around 47 billion cubic feet of recoverable natural gas).
The Windsor Prospect, located in southern England, includes 24,700 acres among large U.K. onshore fields like BP’s 500-million-barrel Wytch farm oilfield, which is Europe’s biggest onshore oil and gas field. Underexplored, the U.K. onshore fields share relations to the 30-billion-barrel North Sea by containing similar structures and sands. A northwest-southeast trending closed anticline is demonstrated by seismic mapping undertaken on the prospect. The prospect has potential resources of up to 615 million barrels of oil in place.
Guided by a seasoned management team boasting more than a century of combined knowledge and experience in geology and geophysics, engineering, corporate finance, and accounting, AED is devoted to providing America with domestic energy solutions. The company has offices located in the finance capitols of New York and London.
For more information, visit the company’s Web site at www.aed-corp.com
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