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The company is an oil and natural gas producer operating in the Utica Shale in Ohio and Pennsylvania, as well as in the Marcellus Shale in Pennsylvania. It is incorporated in Delaware and engages in the acquisition, operation, and development of oil and natural gas properties within these regions.
As a growth-oriented, free cash flow-generating independent energy company, the company focuses on the acquisition, development, and production of hydrocarbons in the Appalachian Basin. Its strategy prioritizes shareholder value creation through the identification and disciplined development of low-risk, highly economic oil and natural gas assets, while maintaining a strong and flexible balance sheet. The company has demonstrated its ability to expand its acreage position through organic leasing efforts and accretive acquisitions.
An early mover in the core of Utica Shale’s volatile oil window in eastern Ohio, the company has also established a presence in the emerging dry gas Utica Shale in southwestern Pennsylvania. Additionally, its Marcellus Shale development overlays deep dry gas Utica assets in Pennsylvania, providing a highly economic stacked development inventory that leverages company-owned midstream infrastructure.
The company has accumulated approximately 90,000 net surface acres, offering exposure to the core of these plays and providing a diverse, high-return portfolio of oil and natural gas drilling locations. This balanced portfolio enables the company to optimize development plans across its assets, allowing it to capitalize on commodity price fluctuations over time.
Headquarters
2605 Cranberry Square Morgantown, WV
Financial information
Underwriters
Citigroup, Raymond James, RBC Capital Markets, BofA Securities, Capital One Securities, Truist Securities
Calls within Tajikistan are free
Investments
Information
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LLC "Exchange Broker" hereby informs that it operates in the securities market in accordance with the following professional participant licenses issued by the Ministry of Finance of the Republic of Tajikistan: depository activity No.010/25 dated 25.06.2025; brokerage activity No.007/25 dated 25.06.2025; dealer activity No.008/25 dated 25.06.2025 and securities management activity No.009/25 dated 25.06.2025, and also informs about the risk of a conflict of interest, including as a result of combining various types of professional activity in the securities market.