PennEnergy Resources is a Pittsburgh based independent oil and gas company focused on the acquisition and development of unconventional shale resources in the Appalachian Basin. We are committed to being a best in class shale development company that creates value for our investors, stakeholders, employees and landowners through the safe and environmentally responsible development of unconventional resources.
- ~192,000 Gross Acres
- 100% Operated Position
- >400 Producing Wells
- ~96% HBP
Commitment to excellence through Honesty & Integrity, Health & Safety, Environmental Stewardship, High Performance and Teamwork, Respect & Collaboration.
Founded in 2011
PennEnergy Resources was founded in 2011 by Richard D. Weber and Gregory D. Muse, energy executives with over 50 years combined industry experience, and is based in Pittsburgh, Pennsylvania with a workforce of over 105 employees.
Backed by Encap Investments, LP and Wells Fargo Energy Capital, two of the leading providers of private equity to independent oil and gas companies.
Our operations are focused on the Marcellus, Utica and Upper Devonian formations in the Appalachian Basin. With our core area of operations located in Beaver, Butler and Armstrong counties in Southwest Pennsylvania.
Teamwork, Respect & Collaboration
We will drive our success by effectively working together to achieve the common objectives of PennEnergy Resources. Only through selfless teamwork, collaboration and respect for others will we reach our full potential.
PennEnergy is committed to being a best in class shale development company that creates value for our investors, stakeholders, employees and landowners through the safe and environmentally responsible development of unconventional resources.
At PennEnergy, we create value by developing and operating world class unconventional natural gas wells in the Appalachian Basin while adhering to and demonstrating our Core Values at all times. We seek to maximize cash flows through a relentless focus on productivity and cost control.
We strive to be a partner of choice with landowners, operators, suppliers and regulatory authorities through our unwavering commitment to responsible and ethical business conduct, safe operations, environmental stewardship and by implementing industry best operating practices. Our foundation is built upon our Core Values that enable us to achieve optimum performance while creating trusted and lasting relationships within the industry, as well as throughout our community.