Two companies have announced the execution of a participation agreement to drill three development wells on the Grand Slam oil and gas production leases in Matagorda County. Canada Energy Partners Inc. executed the agreement with Arcadia Operating, LLC and Standard Mutual Assurance Company LLC on the development wells. The Grand Slam field is located 90 miles south of Houston and the three proposed well sites are in the middle of existing oil and gas infrastructure, pipelines and gathering stations. The Grand Slam field entered production in 2,000 and has a history of prolific production.