•  
  •  
  •  
  •  
  •  
  • Untitled Document
    Untitled Document

    Noble Group invests in Marcellus Shale-focused Inflection Energy

    Inflection Energy

    Inflection Energy LLC, an independent oil and gas exploration and production company, has received an equity investment led by Noble Group, a global supply chain manager of bulk commodities.  Inflection Energy is focused on the development and production of Marcellus Shale natural gas resources in Pennsylvania and New York.  Existing investors Bregal Energy (formerly Good Energies Capital) and Hexagon also participated in the round that will fund a drilling program in Pennsylvania and support company growth activities.

    "This investment from Noble Group represents a strategic milestone for Inflection Energy that sets the company on a clear path of long-term growth," said Mark Sexton, chairman and CEO of Inflection. "With domain expertise in natural gas marketing and trading, Noble Group will prove to be a valuable strategic partner for Inflection Energy as we commence our drilling activities and optimize our natural gas sales." 

    Noble Group's investment was made through its natural gas and power subsidiary, Noble Americas Gas & Power Corp. (NAGP).  In addition, Inflection Energy executed long-dated gas marketing and hedging agreements with NAGP.  "We are delighted to be partnering with Inflection Energy whose focused vision, attractive acreage, and strong technical expertise provides promising growth prospects," said Brian Falik, managing director of NAGP.  In addition, "Noble Group shares Inflection Energy's commitment to the responsible development of natural gas resources and the opportunity to economically strengthen our local communities."

    Privately-held Inflection Energy LLC, with offices in Denver, Pittsburgh and Williamsport, was founded in 2008, and is focused on the exploration and development of natural gas opportunities in the Appalachian region.

    Related Articles

    Carrizo Oil & Gas CFO retires; new CFO named

    08/13/2014 Carrizo Oil & Gas Inc. reports that Paul F. Boling, vice president, CFO, secretary, and treasurer, has retired, effective Aug. 11. In connection with Boling's retirement, Carrizo has named Davi...

    INDUSTRY BRIEFS

    08/11/2014

    AEU and AEM close Utica and Marcellus acquisitions

    08/06/2014 American Energy – Utica, LLC and American Energy – Marcellus LLC have closed on separate transactions to buy leasehold acreage in the Utica and Marcellus shale plays, respectively.  

    East Resources closes Utica and Marcellus divestitures

    08/06/2014 East Resources Inc. has closed on separate agreements, along with an unnamed joint venture partner, to divest of leasehold acreage in the Utica and Marcellus shale plays to American Energy – U...

    EIA: Marcellus region production continues growth

    08/05/2014

    According to recent EIA data, natural gas production in the Marcellus Region exceeded 15 billion cubic feet per day (bcf/d) through July, the first time ever recorded. 

    More Oil & Gas Financial Articles

    Carrizo Oil & Gas CFO retires; new CFO named

    Wed, Aug 13, 2014

    Carrizo Oil & Gas Inc. reports that Paul F. Boling, vice president, CFO, secretary, and treasurer, has retired, effective Aug. 11. In connection with Boling's retirement, Carrizo has named David L. Pitts as its new CFO and treasurer, in addition to his current roles.

    INDUSTRY BRIEFS

    Mon, Aug 11, 2014

    AEU and AEM close Utica and Marcellus acquisitions

    Wed, Aug 6, 2014

    American Energy – Utica, LLC and American Energy – Marcellus LLC have closed on separate transactions to buy leasehold acreage in the Utica and Marcellus shale plays, respectively.

     

    East Resources closes Utica and Marcellus divestitures

    Wed, Aug 6, 2014

    East Resources Inc. has closed on separate agreements, along with an unnamed joint venture partner, to divest of leasehold acreage in the Utica and Marcellus shale plays to American Energy – Utica LLC and to American Energy – Marcellus LLC.

     

    EIA: Marcellus region production continues growth

    Tue, Aug 5, 2014

    According to recent EIA data, natural gas production in the Marcellus Region exceeded 15 billion cubic feet per day (bcf/d) through July, the first time ever recorded. 

    Most Popular

    Oil & Gas Jobs

    Search More Job Listings >>
    Subscribe to OGFJ