Marcellus Driller MDS Sets up Financial Subsidiary in Denver, CO

A small Marcellus-focused drilling company based in western Pennsylvania is expanding–to Denver, Colorado! But not to drill wells. MDS Energy was established in 2005 by Michael D. Snyder. By 2006 the company offered its first investment partnership. Drilling companies today are as much about investments and finance as they are about sinking holes in the ground. MDS quickly grew and in 2007 founded a sister company to concentrate on oilfield services (drilling, construction, etc.) called First Class Energy. First Class has gone on to drill over 1,000 wells, mostly for MDS competitors since MDS themselves haven’t drilled all that many wells–we count 39 permits in PA, some of which are likely duplicates, issued to MDS Energy from January 2013 through April 2015, according to the newest edition of the Marcellus and Utica Shale Databook just released. In 2011 MDS formed MDS Energy Development, LLC, an investment firm concentrating on oil and gas investments. In order to offer investments as a broker-dealer (able to execute trades for themselves or others), MDS formed the subsidiary MDS Securities, LLC. It is MDS Securities that is expanding and moving its headquarters to Denver…

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