PennEnergy Resources Revenue and Competitors

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Location

N/A

Total Funding

Energy/Oil

Industry

Estimated Revenue & Valuation

  • PennEnergy Resources's estimated annual revenue is currently $22.8M per year.(i)
  • PennEnergy Resources's estimated revenue per employee is $245,000

Employee Data

  • PennEnergy Resources has 93 Employees.(i)
  • PennEnergy Resources grew their employee count by 3% last year.
Competitor NameRevenueNumber of EmployeesEmployee GrowthTotal FundingValuation
#1
$300M1272%N/AN/A
#2
$12.1M72-45%N/AN/A
#3
$13M59-12%N/AN/A
#4
$22.8M93-11%N/AN/A
#5
$7.3M482%N/AN/A
#6
$4.8M376%N/AN/A
#7
$6.5M432%N/AN/A
#8
$27.7M113-17%N/AN/A
#9
$4.1M313%N/AN/A
#10
$9M4610%N/AN/A

PennEnergy Resources, LLC is a Pittsburgh, Pennsylvania based independent oil & gas operating company focused on the acquisition and development of unconventional shale resources in the Appalachian Basin. PennEnergy Resources was founded in 2011 by Richard D. Weber and Gregory D. Muse, energy executives with over 50 years of combined industry experience Fundamental to PennEnergy Resources foundation and growth are our Core Values of Honesty & Integrity, Health & Safety, Environmental Stewardship and building a High Performance team of exceptional employees. Our world-class team of nearly 100 employees has collective industry experience of over 425 years; all with proven skills in developing unconventional resources. PennEnergy Resources maintains approximately 91,000 gross acres of oil and gas leasehold in the southwest Pennsylvania counties of Butler, Beaver, Armstrong, and Allegheny. As of August 2018, we are producing 86 Marcellus and Upper Devonian wells to sales. PennEnergy Resources is capitalized with $532 million of equity commitments from EnCap Investments, LP and Wells Fargo Energy Capital, two of the leading providers of private equity to independent oil & gas companies, and management. In addition, we have access to a $375 million revolving credit facility. Our Address: PennEnergy Resources, LLC 1000 Commerce Drive, Suite 400 Pittsburgh, PA 15275 Main Office: (412) 275-3200 Our office hours are Monday through Friday from 8:00AM to 5:00PM EST.

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Total Funding

93

Number of Employees

$22.8M

Revenue (est)

3%

Employee Growth %

N/A

Valuation

N/A

Accelerator

PennEnergy Resources News

2022-04-17 - Dem PA Lawmaker Continues to Oppose PennEnergy Creek ...

of Environmental Protection (DEP) Secretary Pat McDonnell (a fellow Dem) asking him to deny a request by PennEnergy Resources to withdraw as...

2022-04-13 - Lawmaker calls on state to again reject application to draw ...

A lawmaker is once again asking Pennsylvania's top environmental official to turn down a plan by PennEnergy Resources to draw millions of...

2019-09-08 - PA - Local Tech Company Opens New Headquarters -

... the building but the company filed for bankruptcy protection in 2018 and its assets were purchased by PennEnergy Resources last August.

2019-09-07 - Diversified Wins Bid for EdgeMarc's Ohio Assets | 2019-08-29

PennEnergy Resources LLC CEO Richard Weber said in June at an industry conference in Pittsburgh that the outage has cost his company at ...

2019-02-26 - Economy Residents Putting Up Fight As Fracking Company Trying To Turn Residential Road Into Access Road

PennEnergy Resources plans to build the pad off of narrow and twisting Amsler Ridge Road and residents fear the noise of heavy truck traffic ...

Company NameRevenueNumber of EmployeesEmployee GrowthTotal Funding
#1
$13.1M9318%N/A
#2
$15.9M9319%N/A
#3
$25.1M93-3%N/A
#4
$15M94N/AN/A
#5
$14.6M94-1%$211.5M