Penneco Oil Company

From Wikimarcellus

Old Glory
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.