Press Release (August 31, 2021)
On January 3ʳᵈ, 2023, Riverside Energy Michigan, LLC (“Riverside”) closed the acquisition of a package of natural gas assets owned by TAI, Inc. dba Trendwell Antrim Inc. The package is comprised of interests in 216 operated wells, all of which produce natural gas from the Antrim Shale.
Rob Gerhard, CEO of Riverside, said, “The properties in this acquisition are contiguous with Antrim Shale units already operated by Riverside, so these additions will further assist to improve operating efficiencies and prolong the economic life of the Antrim Shale as a valuable natural resource. We will continue to seek high quality acquisitions, to consolidate properties under our operations, to increase production from the Antrim Shale, and to pursue initiatives that add downstream value.
Riverside is the largest producer of natural gas in Michigan. Approximately 218 people are currently employed by the company.
Riverside Energy Holdings LLC, parent of Riverside, was formed in 2016 between White Deer Energy (www.whitedeerenergy.com) and Umbono Capital (www.umbono.com).