Radiant Oil & Gas Inc. has acquired an oil and gas project in Louisiana for an undisclosed amount.

The project, called the Garnet project, is a 1,000 acre field in St. Mary Parish, Louisiana. The property contains about 500 wells. Radiant expects the acquisition to add more than $45 million to its reserves, and has identified 21 areas where it can re-work abandoned wells or drill new wells.

Subscribe Now

Complete access to real-time information and analysis of news and trends in the industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.