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Penn America Energy (PAE) is a project-development company proposing an LNG export facility on Pennsylvania`s Delaware River. Called Penn LNG, this facility would export chilled natural gas (6.5 million tonnes annually) and be a "first" for Pennsylvania, with many advantages. The unique location of this project distinguishes Penn LNG in two cost-competitive ways. First, it is closer (within 100 to 300 miles) of the vast, low-cost Marcellus and Utica natural gas resources. And second, compared to U.S. Gulf Coast projects, it offers shorter shipping distances to Europe and many other key world LNG markets. The Delaware River ship channel has just been deepened, to enable the region`s full participation in global marine commerce. Started by a native of Pennsylvania, PAE is a team of experienced global commodity and energy professionals. We came together as a company in 2015. Our goal was to unlock more value from Pennsylvania`s newfound natural gas bounty, to benefit our investors and the communities where we would operate. Our No. 1 commitment is to plan, build and operate a facility that is safe, environmentally responsible and directly benefits the local community. The project has an eight-year timeline, including three years of comprehensive public participation and regulatory review. With startup slated for 2024, the Penn LNG project is well timed to commence LNG deliveries when global supply and demand are expected to rebalance. We are currently raising development funding for this project. We think Penn LNG offers an outstanding opportunity for investors, the Commonwealth of Pennsylvania and the local community. Learn more about the PAE team, our project and our commitment to safety, environment and the community at our company website.
Valaris was created by the combination of two leading offshore drillers with decades of experience and knowledge to create the most capable, effective and highest performing offshore drilling service company in the world. We provide drilling services across all water depths with unmatched scale, geographic presence and customer relationships.
Independence Contract Drilling was formed in 2011 as a vertically integrated premium land drilling services provider. From its wholly owned API certified manufacturing facility in Houston, Texas Independence Contract Drilling provides E&P operators the ShaleDriller series rigs. These rigs are fast moving, programmable AC rigs custom designed to be best in class for the development of shale plays and other areas where completions require long horizontal sections. The ShaleDriller is based on a proven rig design with units operating in all major US shale plays as well as Africa, Indonesia and Asia. Driven by superior design characteristics, ShaleDriller rigs provide a compelling value proposition to our customers. The fine control of key drilling parameters offered by ShaleDriller proprietary AC software code allows same-class wells to be drilled in almost half the time required by a mechanical rig and 20% faster than with DC equipment. Combined with the ShaleDriller`s fast mobilization this allows operators to drill four – eleven additional wells per year, per rig.
Advanced Logistics is a Lafayette, LA-based company in the Energy and Utilities sector.
Torqued-Up Energy Services is a Tyler, TX-based company in the Energy and Utilities sector.