Troubled oil company Cardinal Energy Group Inc. has sold interests in gas properties to private equity-backed Keystone Energy for $1.57 million, as part of a long-term financing deal.

Dublin, Ohio-based Cardinal explores for, develops, exploits and produces oil and natural gas, which it sells to domestic purchasers in Texas.

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.