Your Portal for Key Energy Information and Research

PennEnergy Resources LLC

Company Summary

Description

PennEnergy Resources LLC, headquartered in Pittsburgh, is an independent oil and gas exploration and production company focused on the Marcellus Shale. Formerly serving as the executive management team of Atlas Energy, Inc., the company’s leadership has extensive experience in all facets of the oil and gas industry and has pioneered the development and expansion of the Marcellus Shale.

Website

http://pennenergyresources.com/

Related Entities

Recent news

  • 12/1/2023 - PennEnergy Resources... (subscriber access)
  • 8/8/2022 - Williams and Penn Energy... (subscriber access)
  • 2/16/2021 - Pine Run Gathering & UGI... (subscriber access)
  • 9/8/2020 - Sumitomo Sells Marcellus... (subscriber access)
  • 8/30/2018 - PennEnergy Acquiring Rex Energy's Assets for $600.5 Million

Company Transactions

Date: 2/16/2021
Type: Acquisition

BUYERS:
  • Pine Run Gathering LLC
  • UGI Corporation
  • UGI Energy Services
  • Stonehenge Energy Resources III, LLC
  • Energy Spectrum Partners VIII
    • SELLERS:
  • Pine Run Midstream, LLC
  • PennEnergy Resources LLC
    • ASSETS:
  • Pine Run Gathering Pipeline
    • DETAILS:

    COST: 205 $MM

    NOTES:
    Pine Run Gathering has closed on a deal to acquire Pine Run Midstream from upstream company PennEnergy Resources and other partners for $205 million. Pine Run Gathering is a joint venture between Stonehedge Energy Resources III (Energy Spectrum Partners) and UGI Energy Services, LLC (UGI Corporation.) They are financing the deal with equity capital, with Stonehenge III contributing 51% and UGI 49%.
    REGIONS:
  • Appalachia

    • Date: 9/28/2018
    Type: Acquisition

    BUYERS:
  • PennEnergy Resources LLC
    • SELLERS:
  • Rex Energy Corporation
    • DETAILS:

    COST: 600.5 $MM

    VOLUMES: 200 Mmcfe/d

    ACRES: 112500 Acres

    REGIONS:
  • Appalachia
  • Marcellus Shale
  • Utica