Penneco Oil Company
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| - | <center>http://www.sonic.net/~tcopley/img/Penneco/penneco.gif<br>'''Old Glory'''<br>[http://www.penneco.com/ Photo courtesy of Penneco Oil Company]</center> | + | [[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. | + | [http://www.linkedin.com/company/592373 Penneco Oil Company], incorporated in 1979 and based in Delmont, Pennsylvania is an oil and gas corporation engaged in ongoing leasing, marketing, exploration, and [https://www.youtube.com/user/pennecooil drilling operations for natural gas and crude oil]. Penneco's goal is to profitably find and produce oil and natural gas in an environmentally responsible and safe manner. Penneco Pipeline Corporation supports these activities with leasing of reserves and natural gas infrastructure services. With more than 30 years of industry experience, Penneco works to provide landowner satisfaction and ensure every well site is restored properly. Penneco Oil Company and the various affiliated Penneco Drilling Associates programs have drilled over 1,000 wells. For more information about Penneco, visit our [http://www.penneco.com/landowner-center/ Landowner Center] and [http://www.penneco.com/secure/login.php Investor Center]. To interact with Penneco Oil, follow us on [https://www.facebook.com/home.php?ref=tn_tnmn&__req=27#!/pages/Penneco-Oil-Company/439333522796050?fref=ts Facebook] and [http://www.flickr.com/search/?q=PENNECO Flickr]. |
| - | 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 [http://www.prweb.com/releases/2012/11/prweb10113679.htm 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. | ||
Current revision
Photo courtesy of Penneco Oil Company
Penneco Oil Company, incorporated in 1979 and based in Delmont, Pennsylvania is an oil and gas corporation engaged in ongoing leasing, marketing, exploration, and drilling operations for natural gas and crude oil. Penneco's goal is to profitably find and produce oil and natural gas in an environmentally responsible and safe manner. Penneco Pipeline Corporation supports these activities with leasing of reserves and natural gas infrastructure services. With more than 30 years of industry experience, Penneco works to provide landowner satisfaction and ensure every well site is restored properly. Penneco Oil Company and the various affiliated Penneco Drilling Associates programs have drilled over 1,000 wells. For more information about Penneco, visit our Landowner Center and Investor Center. To interact with Penneco Oil, follow us on Facebook and Flickr.
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.
