|

American Enviro. Partners Shuts Doors, Lays Off “Dozens” of Workers

We now have more insight (possibly) into why radioactive frack wastewater handler and processor Austin Master Services (AMS) is in trouble with the Ohio Attorney General. Three weeks ago, Ohio AG Dave Yost took legal action seeking to force AMS to correct “egregious violations of Ohio law” regarding the storage of oil and gas waste that he says threatens the Ohio River and Martins Ferry’s drinking water supply (see Ohio AG Sues Austin Master Services for Unsafe Storage of Wastewater). AMS is a subsidiary of (owned and controlled by) American Environmental Partners (AEP). The Pittsburgh Post-Gazette reports that AEP recently closed its doors and laid off most (if not all) of its employees. AEP owns AMS and several other subsidiaries affected by AEP’s closure.
Continue reading

| | | | | |

Austin Master Frack Waste has Until Apr 17 to Regain Compliance

Martins Ferry (OH) Mayor John Davies continues to make noise about the currently shuttered Austin Master Services (AMS) frack waste processing facility in his city. Two weeks ago, Ohio Attorney General Dave Yost took legal action seeking to force AMS to correct “egregious violations of Ohio law” regarding the storage of oil and gas waste that he says threatens the Ohio River and Martins Ferry’s drinking water supply (see Ohio AG Sues Austin Master Services for Unsafe Storage of Wastewater). Media accounts report that AMS has stored at least 10,000 tons of fracking waste (drill cuttings) at the Martins Ferry facility. It’s rated to hold 600 tons.
Continue reading

| | | | | |

Martins Ferry Mayor Gives Update on Closed Frack Wastewater Facility

Yesterday, MDN reported that Ohio Attorney General Dave Yost took legal action on Monday, seeking to force Austin Master Services (AMS) in Martins Ferry (Belmont County), OH, to correct “egregious violations of Ohio law” regarding the storage of oil and gas waste that he says threatens the Ohio River and Martins Ferry’s drinking water supply (see Ohio AG Sues Austin Master Services for Unsafe Storage of Wastewater). Last night, Martins Ferry Mayor John Davies addressed the ongoing situation of the now-shuttered AMS facility at the biweekly City Council meeting. We learned some interesting things in reading his comments.

4/8/24: Please see an important update about the ownership of AMS below.
Continue reading

| | | | | |

Ohio AG Sues Austin Master Services for Unsafe Storage of Wastewater

Ohio Attorney General Dave Yost took legal action Monday, seeking to force Austin Master Services in Martins Ferry (Belmont County), OH, to correct “egregious violations of Ohio law” regarding storage of oil and gas waste that he says threatens the Ohio River (500 feet away) and Martins Ferry’s drinking water supply (1,000 feet away). Austin Master Services serves the Marcellus/Utica industry (and other industries) with radiological waste management solutions, including remediation, decontamination & decommissioning (D&D), and transportation. The company was bought by and is now a subsidiary of PA-based American Environmental Partners, Inc. (see American Energy Buys Radioactive Waste Co. Austin Master Services).
Continue reading

| | |

American Enviro. Reverse Merger w/Hospital Supply Chain Co Coming 1Q

Last October, MDN told you that American Energy Partners, Inc. (AEPT), based in Allentown, PA, with its fingers in several different pies, including subsidiaries in drilling, remediation, water, and more, changed its name to American Environmental Partners, Inc. (see American Energy Partners Changes Name, Swaps Enviro. for Energy). A few days later, MDN exclusively broke the news that American Environmental Partners would merge with a hospital supply chain company called SCWorx, a company that has nothing whatever to do with shale energy (see American Energy Announces Reverse Merger w/Hospital Supply Chain Co). Now comes word the merger will likely happen before the end of March (or maybe early April).
Continue reading

| | |

American Energy Announces Reverse Merger w/Hospital Supply Chain Co

This is one of those times where we scratch our heads and say, Huh? Just last week, we brought you the news that American Energy Partners, Inc. (AEPT), based in Allentown, PA, with its fingers in several different pies, including subsidiaries in drilling, remediation, water, and more, is changing its name to American Environmental Partners, Inc. (see American Energy Partners Changes Name, Swaps Enviro. for Energy). This week, another company, a hospital supply chain company by the name of SCWorx, announced it is buying out and merging with American Environmental Partners in an all-stock transaction. But here’s the thing…even though SCWorx is buying AEPT (on paper), when the two companies are merged, SCWorx shareholders will own 17% of the company, and AEPT shareholders will own 83%. Which means this is really the other way around — that AEPT is the one doing the buying.
Continue reading

|

American Energy Partners Changes Name, Swaps Enviro. for Energy

American Energy Partners, Inc. (AEPT), based in Allentown, PA, is a small but diversified company. They have their fingers in a number of different oil and gas pies, including subsidiaries in drilling, remediation, water, and more. We’ve written a number of posts about AEPT, the most recent in July 2022 when the company purchased Austin Master Services, a company that services the Marcellus/Utica industry (and other industries) with radiological waste management solutions, including remediation, decontamination & decommissioning (D&D), and transport (see American Energy Buys Radioactive Waste Co. Austin Master Services). Last Friday, the company announced it is changing its name from American Energy Partners to American Environmental Partners.
Continue reading

| | | |

American Energy Buys Radioactive Waste Co. Austin Master Services

American Energy Partners, Inc. (AEPT), based in Allentown, PA, is a small but diversified company. They have their fingers in a number of different oil and gas pies, including subsidiaries in drilling, remediation, water, valuation services, and education. Add one more to the list: radioactive waste. AEPT recently announced it has purchased Austin Master Services, a company that services the Marcellus/Utica industry (and other industries) with radiological waste management solutions, including remediation, decontamination & decommissioning (D&D), and transport.
Continue reading

| | | | | |

American Energy Partners Buys Apex Energy – Doubles Size & Revenue

In September MDN told you about an announcement by American Energy Partners, Inc. (AEPT), based in Allentown, PA, to buy an unnamed “privately held energy services company” located in the Marcellus/Utica region (see American Energy Buys Second M-U Energy Services Co.). We now know who that mysterious unnamed company is: Apex Energy Service, LLC, headquartered in Canonsburg, PA.
Continue reading

|

Small PA Energy Co. Snags Former CNX VP as Chief Operating Officer

American Energy Partners, Inc. (AEPT), based in Allentown, PA, is a small but diversified company. They have their fingers in a number of different oil and gas pies, including subsidiaries in drilling, remediation, water, valuation services, and education. Yesterday American Energy announced they have hired a former CNX Resources vice president to become the company’s new Chief Operating Officer. Kurtis Z. Hoffman has been hired as COO for American Energy effective January 1, 2022.
Continue reading

| | |

American Energy Inc. Buys & Merges in Unlimited Energy Services

In July, American Energy Partners, Inc., a diversified energy company, announced it had agreed to acquire a privately held energy services company operating in Ohio, Pennsylvania, and West Virginia. The company being purchased focuses on reducing customers’ environmental footprint through the decommissioning, abandonment, and reclamation services of oil and gas assets. Yesterday American Energy announced the deal is now done, so they can now name the company purchased: Unlimited Energy Services, LLC.
Continue reading

| | |

American Energy Buys Second M-U Energy Services Co.

American Energy Partners, Inc. (AEPT), based in Allentown, PA, is a small but diversified company. They have their fingers in a number of different oil and gas pies, including subsidiaries in drilling, remediation, water, valuation services, and education. Last Friday the company announced yet another acquisition as it continues to grow. AEPT is buying a second “privately held energy services company” (unnamed) that operates in the Marcellus/Utica region. The unnamed company focuses on providing facility maintenance, transportation, logistics, and environmental services to the energy and industrial sectors.
Continue reading

| | | | | | |

American Energy Partners Buys 467 PA/WV Conv. Wells for $10.8M

American Energy Partners, Inc. (AEPT), based in Allentown, PA, is a small but diversified company. They have their fingers in a number of different oil and gas pies, including subsidies in drilling, remediation, water, valuation services, and education. AEPT announced a new deal today to purchase three conventional oil and gas operators with assets in Western Pennsylvania and West Virginia for $10.8 million. The three operators (unnamed) come with a collective 467 conventional wells and 1,250 MMcfe/d of natural gas production.
Continue reading

| | | | |

American Energy Partners Buys 230+ SWPA Conventional Gas Wells

American Energy Partners, Inc. (AEPT), based in Allentown, PA, is a small but diversified company. They have their fingers in a number of different oil and gas pies, including subsidies in drilling, remediation, water, valuation services, and education. AEPT announced a new deal yesterday to buy a producer with 230+ conventional natural gas wells in western Pennsylvania.
Continue reading

| | |

American Energy Partners Adds O&G Education Co. to Portfolio

American Energy Partners, Inc. (AEPT), based in Allentown, PA, has just added a fifth subsidiary/division to the company. AEPT agreed to acquire 100% of the membership units of Oilfield Basics, LLC in exchange for 1,000,000 shares of American Energy’s common shares. Oilfield Basics is an educational company, providing courses and training in the oil and gas space. It’s an interesting addition to a portfolio of companies that includes drilling, remediation, water, and valuation services.
Continue reading

| | |

American Energy Partners Buys Hickman Geological Consulting

American Energy Partners, Inc. (AEPT), based in Allentown, PA, has just added a fourth subsidiary/division to the company. AEPT has agreed to acquire 100% of Hickman Geological Consulting, LLC in an all-stock deal. AEPT is giving owners Josh and Jessica Hickman 40.5 million shares of AEPT stock as payment. Josh Hickman is an AEPT board member. As of this morning AEPT shares are trading (on the Pink Sheets, over the counter) at $0.0055 per share (a little over half a penny per share). Doing the math, we peg the value of the deal at $222,750.
Continue reading