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OUR HISTORY
Since Pennzoil’s ownership, Pennhills’ assets have had a rich history in the development and production of oil and gas throughout Pennsylvania and New York.
TIMELINE OF GROWTH
2009
Company Formed: acquired small leasehold positions.
2017
Acquired NW PA assets from SWEPI, LP (Shell Oil Company)
2018
Pennhills forms Pennhills Gas Processing (PGP) and partners with Oklahoma-based Elkhorn Gas Processing to restart the Lewis Run, PA Gas Processing Facility, acquiring a majority interest.
2018
Partnered with private software developer to develop interactive land and operations software to streamline legacy data.
2018 - Present
Continued to lease and developed conventional asset-base, drilled and completed over 250 wells.
2022
Acquired Bingham Railroad siding, transporting Frac sand from Illinois to PA, beginning vertical integration strategy.
2023
Acquired Pennzoil & Quaker State’s Legacy Map Database: 15,000+ maps and well records across PA, NY, WV, OH.
2023
Formed Sterling Energy Services, LLC, acquired Frac Spread, Frac Rig, and heavy equipment to expand vertical integration.
2024
Acquired Blackhawk Energy and Interstate Gas Solutions Plant; Paul Morris joins as Managing Partner to accelerate growth.
2024
Formed Strategic Partnership with Dallas-Morris Drilling, Inc. to develop legacy assets.
2025
Mike Degenhart joins as VP of investor relations, offering oil and gas investment opportunities via JV partnerships.
2025
Formed Strategic Partnership with [TBA] to support capital needs and accelerate high ROI projects.
2025
Formed Senior Advisory Board.
2025
Formed TimberX, LLC, a land management company supporting timber expansion to diversify revenue.
2025
Ed Gens and Bob Cayton join as SVP of Engineering and SVP of Production Operations, respectively.