Permitting Activity
February 20,2024 : HG Energy II LLC Permitted the Van Wie 1221 N-1H Horizontal well in Lewis,WV : Marcellus ShaleNovember 27,2023 : HG Energy II LLC Permitted the Barnes 1223 S-12H Horizontal well in Doddridge,WV : Marcellus ShaleOctober 06,2023 : HG Energy II LLC Permitted the WINANS 1216 S-9H Horizontal well in Lewis,WV : Marcellus ShaleOctober 06,2023 : HG Energy II LLC Permitted the WINANS 1216 S-12H Horizontal well in Lewis,WV : Marcellus ShaleOctober 06,2023 : HG Energy II LLC Permitted the WINANS 1216 N-2H Horizontal well in Lewis,WV : Marcellus Shale Click here for More Permits ActivityLatest News & Activity
Deals - HG Energy II LLC Acquisitions
| Announce Date | Price($MM) | Region/Basin | Headline | |
|---|---|---|---|---|
| May-02-2017 |  |
Northeast | Noble Energy Sells Marcellus Property For $1.25 Billion | |
| Total |
|
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Deals - HG Energy II LLC Divestiture(s)
| Announce Date | Price($MM) | Region/Basin | Headline | |
|---|---|---|---|---|
| Mar-28-2019 | |
Northeast | Diversified Gas & Oil Inks $400MM Deal for Appalachia Assets | |
| Total |
|
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Capital Raised
| Announced Date | Amount($MM) | Type | Headline | |
|---|---|---|---|---|
| Jun-28-2017 |
|
Equity Commitment | Quantum Energy Partners Funds HG Energy $1.2 Billion Marcellus Acquisition | |
| Total |
|
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About
HG Energy is a privately held company established on January 1, 2011. HG Energy’s assets have a long rich history in the development and production of oil and gas. HG’s West Virginia assets were purchased from East Resources, Inc., a Pennsylvania corporation, at the inception of the company.
HG Energy’s management is comprised of all former East Resources Inc. employees. All of the WV properties are legacy assets acquired from Pennzoil Exploration and Production Company.
HG Energy, LLC has acquired approximately 30,000 acres in Monroe County, Ohio. In 2011, HGE drilled an exploratory horizontal test well in the Utica formation. Depending on the success of the Utica exploration program, HG Energy will be making significant investments in Ohio.
Parkersburg WV 26101
| Basin |
|---|
| APPALACHIAN BASIN |
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Company Divestiture
| Announce Date | Buyer | $MM | Type | Play/Location | Details |
|---|---|---|---|---|---|
| Mar-28-2019 | |
|
Property | Marcellus Shale,Utica Shale | |
Company Acquisitions
| Announce Date | Seller | $MM | Type | Play/Location | Details |
|---|---|---|---|---|---|
| May-02-2017 | |
|
Property | Marcellus Shale | |