Print edition: 
WICHITA _ Slawson Exploration Co. of Wichita has acquired 45 percent of Osage Exploration and Development's Nemaha Ridge project in Oklahoma.
U.S. Energy Development Corp. is taking a 30 percent stake. The two spent $4.9 million, plus a 10 percent net carry on the first three horizontal Mississippian wells.
"Not only do we have great financial partners, Slawson, as our operator brings a wealth of horizontal drilling expertise having drilled over 150 Horizontal Bakken wells," said Greg Franklin, Osage's vice president of exploration.
Slawson Exploration is a 50-year-old, family owned and managed exploration firm headquartered in Wichita, with regional offices in Denver, Houston, and Oklahoma City. The company was founded by Don Slawson in 1957 and is currently operated by his three sons Craig Slawson, Todd Slawson and Steve Slawson.
Slawson has been notable as one of the nation's leading wildcatters throughout its history, often ranked in the top 10 in the country.
It has drilled more than 3,500 wells and in 2010 was ranked in the top 15 private oil producers in the U.S. in terms of operated volume.
