LOLA Energy’s Purchase of EdgeMarc Assets – The Backstory

Yesterday we brought you the news that LOLA Energy continues to transform itself with the purchase of what was EdgeMarc Energy's shale assets in Butler County, PA (see LOLA Energy Buys Former EdgeMarc Shale Assets in Butler County, PA). LOLA picked up 22,000 net acres of Marcellus/Utica leases, 48 producing shale wells, and 18 DUCs. Ace reporter Paul Gough from the Pittsburgh Business Times spoke with LOLA CEO Jim Crockard and got the backstory behind the deal. It seems Crockard had his eye on that part of the state "for a long time." He even considered an offer to work for EdgeMarc years ago. Good thing he didn't take the job.

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