Pennsylvania General Energy Company Information

History

Pennsylvania General Energy was founded in 1978 in the city of Warren by four businessmen.  One of the partners purchased exploration acreage from Floyd Clinger, a well-known oil and natural gas pioneer in the Appalachian Basin.  At the time, the partners knew little about the oil and natural gas business, but set out to learn all that Mr. Clinger could teach.  They began buying wells in Northwestern Pennsylvania and drilling 15 to 20 wells a year to build up production and capital needed to expand their operations.

In the beginning, PGE limited its exploration efforts to shallow wells.  Once those operations became more profitable, the company was able to embark on bolder exploration: deep-well drilling.  The company relied upon new technology, seismic testing and experienced personnel to successfully locate rich natural gas and oil reserves, many in areas that had been previously and extensively explored.

In 1988, PGE was given the opportunity to acquire 80,000 acres of oil, natural gas and mineral rights in New York and Pennsylvania, along with 6,000 acres of timberland and the equipment to manage it.

A second acquisition in 1995 involved the purchase of 1,200 producing oil wells and a smaller number of natural gas wells.  Part of that agreement included PGE’s commitment to bring all of the wells into compliance with state environmental regulations.

Today, PGE is a leading, privately owned, independent oil and natural gas exploration and production company in the Appalachian Basin. By relying on the right people, advanced technology and a personal business approach, the business partners who came together in 1978 to take a chance on a new venture have built PGE into a proud and growing organization making positive contributions to the region’s economy and environment.