Aurora Oil & Gas Company Description
The drilling of oil and gas wells has an aura of profitability for independent Aurora Oil & Gas (formerly Cadence Resources), which has exploration and production projects primarily in Indiana, Kentucky, and Michigan. The company focuses on developing unconventional gas reservoirs such as black shales, coal seams, and tight sands, including the black shales of Michigan and Indiana. It has more than 1.2 million gross acres of undeveloped land. Aurora Oil & Gas has estimated net proved reserves of more than 166 billion cu. ft. of natural gas equivalent. Saddled by heavy debt, the company filed for Chapter 11 bankruptcy protection in 2009.
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The Company Description provides a historical perspective of Aurora Oil & Gas's organization from inception to current status.
Produced by Hoover's in-house editorial team, the Company Description tracks ownership transitions, company progress via mergers and acquisitions, major growth milestones, and strategic initiatives, to provide a holistic view of Aurora Oil & Gas's evolution in the marketplace.
