North Coast deal boosts gas reserves

From: Crain's Cleveland Business | Date: June 22, 1998| Author: Ford, Tom | Copyright information

TOM FORD

Twinsburg-based North Coast Energy Inc. has enhanced its position as a natural gas marketer in the Midwest by purchasing Kelt Ohio Inc., based in Cambridge, Ohio.

The $16 million acquisition of Kelt's assets includes about 900 natural gas wells and an estimated 40 billion cubic feet of natural gas reserves. In addition, the deal brings to North Coast a large inventory of oil field service equipment and supplies.

'This gives us about 1,700 wells an...

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