At Penneco Oil Company, it is our goal to explore and produce natural gas and oil, from our vast Appalachian Region, in an environmentally responsible and safe way. We feel it is important to provide domestic energy resources for the marketplace in an effort to reduce America's dependence on foreign energy sources and provide security for future generations. In an effort to protect against market volatility, Penneco implements natural gas hedging strategies that have proven to be very effective over the years. Penneco has a dedicated management team committed to ethical and sound business practices. Our team endeavors to maintain an excellent relationship with our stakeholders, employees, lessors, and vendors. With over 30 years of industry experience, Penneco is well positioned for the future.
Penneco Profile
Penneco's business objective is to locate, develop, produce and profitably market gas and oil for its account and its PDA drilling partnerships.
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Mineral Reserves
Penneco currently holds gas and oil leases in Pennsylvania and West Virginia, and owns interests in properties in Oklahoma, Utah and Virginia, and we continue to accumulate acreage and leases.
