Northeast Natural Energy Gets $65M Investment for More Drilling

Northeast Natural Energy (NNE) is a small-to-midsized driller headquartered in Morgantown, WV. The company drilled its first shale well in 2013. NNE currently owns 49,000 acres of leases “in the heart of the Marcellus Fairway,” operating 27 Marcellus wells and over 100 conventional oil and gas wells, mainly in West Virginia (with some located in southwestern Pennsylvania). In April 2017 MDN reported that NNE had obtained $300 million of investment from two investment firms (see WV Driller Northeast Natural Energy Gets $300M Investment). This week the company announced it has received another $65 million to help fund more drilling and lease acquisitions.

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