Laurel Mountain Drilling First Well in Western PA – It’s a Utica

Laurel Mountain Energy logoOne of our ace tipsters alerted us that Laurel Mountain Energy, a relatively new E&P (exploration and production) company is firing up a drilling rig to drill one, possibly two new Utica wells in Pennsylvania. You may recall MDN brought you the news one year ago that Laurel Mountain, essentially a reborn Vista Resources with big money backing from TPH Partners (Tudor, Pickering, Holt & Co.), had formed and set up headquarters in Pittsburgh (see “New” Pittsburgh Company Forms to Target Marcellus/Utica in W PA). Since that time we’d not heard anything about Laurel Mountain Energy–until now. Below we’ve pieced together information from our tipster and from the forthcoming edition of the Marcellus and Utica Shale Databook
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“New” Pittsburgh Company Forms to Target Marcellus/Utica in W PA

A brand new baby is born! Or is it? Using money from private equity firm TPH Partners, the father-son team of Clark and David Nicklas have just given birth to a new “upstream” (exploration and production) company called Laurel Mountain Energy which will be headquartered in Pittsburgh and target the Marcellus, Upper Devonian and Utica layers in western PA. Dad Clark founded Vista Resources in 1987 and since that time the company has drilled over 1,000 wells in the northeast. This is Houston, TX-based TPH’s first investment in the Marcellus, and they couldn’t be happier…
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