Investor Sues Founder of Penn Production for Breach of Contract

In early August MDN told you about privately-owned Penn Production Group, LLC, which concentrates on exploration and production for oil and gas in western Pennsylvania. Penn Production closed on the purchase of certain assets owned by Greylock Energy in Clearfield County, PA (see Penn Production Buys Greylock Assets in Clearfield County, PA). It was the first time the company had appeared on our radar screen. Since the Greylock purchase, controversy has erupted at the company.

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