Citrus Energy

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Castle Rock, Colorado and Plano, Texas-based Citrus Energy is a privately held oil and gas exploration and production company. As of July, 2009 Citrus' Marcellus shale leasehold consisted of 40,000 acres located in Armstrong, Clarion, Northern Columbia, and Wyoming counties. According to the company website, all of their Marcellus acreage is located in close proximity to pipelines and seismic testing has been favorable.

In October, 2008, Colorado-based Citrus Energy was reported to have leased land from the Wyoming County Landowners Group which represents 67,000 acres in Wyoming County, Pennsylvania. This same landholder group was again in the news in September, 2009 when Chesapeake Energy made an offer for 37,000 acres.

Citrus was in the news at the end of September, 2009 when it had leased roughly 61 acres in Washington Township and 28 acres in Mehoopany Township from the Tunkhannock Area School Board in Wyoming County, PA. The Board is a member of the above mentioned landowners group, and had leased the remainder of its land, 127 acres, to Chesapeake. The terms of the Citrus lease had been similar to those of the Chesapeake one. The acreage leased by Citrus had been a certain landlocked parcel that was contiguous to a parcel owned by Proctor and Gamble that had previously been leased by Citrus.

Citrus had planned to drill 5 Marcellus wells during 2009, and it had secured the necessary permits for water withdrawals to drill and complete the wells as well as for waste water disposal.

• Lance Peterson is President of Citrus Energy.
• David Oberbrockling is Vice President of the company and oversees well completions and work-overs.
• William D. Barber is Marcellus Shale Project Director.