Penneco Oil Company
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| [[Image:penneco.gif|center|frame|<div align="center">'''Old Glory'''<br>Photo courtesy of [http://www.penneco.com/ Penneco Oil Company]</div>]] | [[Image:penneco.gif|center|frame|<div align="center">'''Old Glory'''<br>Photo courtesy of [http://www.penneco.com/ Penneco Oil Company]</div>]] | ||
| - | Delmont, [[Pennsylvania]]-based '''Penneco Oil Company''' is an independent oil and gas exploration and production company. | + | Delmont, [[Pennsylvania]]-based '''Penneco Oil Company''' is an independent oil and gas exploration and production company. Penneco's business objective is to locate and profitably produce oil and gas reserves in an environmentally safe manner. Penneco Drilling Associates are knowledgeable in the business of oil and gas exploration and in the ways to minimize the associated risk. Penneco Pipeline Corp has produced oil and natural gas profitably over the last 30 years. |
| - | According to a July, 2008 news account, Penneco had been drilling a [[Marcellus shale]] well on Bill Fawcett's farm in North Huntingdon Twp, [[Westmoreland|Westmoreland County]] PA. | + | According to a November, 2012 press release, Penneco Oil and Drilling Associates improved drilling techniques in conjunction with the oil and gas industry to utilize multi-well pads to drill horizontal wells in close proximity to each other, reducing the environmental impact. |
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| - | Penneco was reported to be drilling several Marcellus wells in Indiana County, PA. | + | |
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| - | A report in December, 2008 indicated [[Dominion Gas|Dominion]] had won a lawsuit, ''Penneco Pipeline Corp, et al versus Dominion''. Penneco had taken out hundreds of top leases on land already leased to Dominion and used for gas storage. The court affirmed Dominion's right to the land, and that any wells drilled by Penneco on Dominion's leases would have to be transferred to Dominion. | + | |
| * Terry S. Jacobs is President and CEO of Penneco Oil Company. | * Terry S. Jacobs is President and CEO of Penneco Oil Company. | ||
| - | * Benjamin Wallace is the company's COO. | + | * Ben Wallace is the company's COO. |
| * Christopher Fiano is Penneco's Vice President and CFO. | * Christopher Fiano is Penneco's Vice President and CFO. | ||
| * John R. Hazi is a Senior Land Agent with Penneco. | * John R. Hazi is a Senior Land Agent with Penneco. | ||
Revision as of 18:00, 14 December 2012
Old Glory
Photo courtesy of Penneco Oil Company
Photo courtesy of Penneco Oil Company
Delmont, Pennsylvania-based Penneco Oil Company is an independent oil and gas exploration and production company. Penneco's business objective is to locate and profitably produce oil and gas reserves in an environmentally safe manner. Penneco Drilling Associates are knowledgeable in the business of oil and gas exploration and in the ways to minimize the associated risk. Penneco Pipeline Corp has produced oil and natural gas profitably over the last 30 years.
According to a November, 2012 press release, Penneco Oil and Drilling Associates improved drilling techniques in conjunction with the oil and gas industry to utilize multi-well pads to drill horizontal wells in close proximity to each other, reducing the environmental impact.
- Terry S. Jacobs is President and CEO of Penneco Oil Company.
- Ben Wallace is the company's COO.
- Christopher Fiano is Penneco's Vice President and CFO.
- John R. Hazi is a Senior Land Agent with Penneco.
