(MAR 2019) Pin Oak Energy Announces Acquisition of 43,000 Utica Acres from SWEPI LP in NW Pennsylvania
Pin Oak Energy Partners LLC (“Pin Oak Energy” or the “Company”) announces the closing of a transaction with SWEPI LP (”Shell”) for approximately 43,000 acres prospective for Utica shale development in northwestern Pennsylvania. The transaction increases Pin Oak Energy’s acreage position across the Appalachian Basin to 167,000 net deep acres with 99% of those net deep acres being held by production (“HBP”).