Miller Energy Resources (MILL.OB) closed on two purchases in June 2009 that added to its portfolio of assets in the Chattanooga Shale.
Miller Energy Resources, also known as Miller Petroleum purchased East Tennessee Consultants. The assets purchased include 377 natural gas and oil wells and approximately 5,000 leased acres located in the Chattanooga Shale in Tennessee.
The company also purchased Ky-Tenn Oil, Inc., a private oil and gas company, whose assets includes approximately 35,325 leased acres located in the Chattanooga Shale and 173 existing natural gas and oil producing wells. Miller Energy Resources said that there are up to 700 drilling locations on the newly acquired acreage.
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