HG Energy

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.