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Cardinal Energy Group, Inc. reported that the Company is closing its Dublin, Ohio executive offices and moving them to Texas. The new corporate offices will be located in The Enterprise Tower at 500 Chestnut Street, Suite 1615, Abilene, Texas.
Abilene is located 175 miles west and south of Dallas-Fort Worth.
Timothy Crawford, CEO of Cardinal, said: "The move is taking place during the course of this week. Our Albany, Texas regional field office continues to serve as the operations base for our fields in north-central Texas. We decided that since we have sold all of our California and Ohio oil and gas assets, our administration should be based in Abilene to facilitate improved communications and further buttress CEGX's focus on oil and gas development opportunities in Texas. Abilene is an historic oil town with a well-established oil culture and mature infrastructure. Also, there is a substantial selection of seasoned oil and gas executive candidates for our workforce as we continue to grow our operations in Texas. We are considering many opportunities in Texas that are becoming available to us due to the industry downturn. It will be much simpler to take advantage of these opportunities from our new Abilene headquarters."