New Energy Company in the Marcellus Shale – PDC Mountaineer

Reuters (Nov 1):
Press Release: Petroleum Development Corporation Announces an Appalachian Joint Venture with Lime Rock Partners to Develop the Marcellus Shale Play

There’s a new drilling company entering the Marcellus Shale region by the name of PDC Mountaineer, LLC. The new company is a joint venture between Petroleum Development Corporation and Lime Rock Partners. Petroleum Development is putting up leased acreage and other assets, and Lime Rock is pumping in cash.

Read the press release for full details. The purpose of this notice is to let you know there’s a “new” player in town, just in case they come knocking on your door.

Related posts:

1. Heckmann and Energy Transfer Partners to Bring Wastewater Treatment Plants to the Marcellus
2. Mystery Company Invests $2.14B in Chesapeake Utica Shale JV
3. Triana Energy and Marathon Oil Join Forces in Deal to Drill 350 Wells in the Marcellus Shale in PA and WV