Lenape Resources, Inc.
Lenape Resources, Inc. is the operating arm of Lenape Energy, Inc. Along with its sister companies Lenape Drilling, Inc. and Lenape Gathering Corp, Lenape Resources is involved in the exploration, development, gathering and marketing of oil and natural gas resources in the Appalachian basin with a primary focus in the states of New York and Pennsylvania.
The evolution of the Lenape companies began prior to 1976 with the formation of Fuel Savers, Inc. and the subsequent formation of The Lenape Resources Corporation in 1976. The company's objective was to explore for and develop natural gas resources for eastern United States utilities. The natural gas shortage of the 70's and the need for more energy supplies created the demand for additional exploration. Corporate restructuring and dramatic changes in the natural gas and oil industries have allowed Lenape to evolve into an efficient independent exploration and production company operating in the Appalachian basin from our offices in Alexander, New York.
Having survived the industry downturn of the late 80's and 90's, Lenape's management looks forward to new opportunities from the deregulation of natural gas and technological advances in exploration and production techniques. Our team of operations and administrative personnel are uniquely qualified to build the necessary relationships and systems needed to carry the company through the 21st century.
LINKS
New York State DEC Department of Minerals:
www.dec.state.ny.us/website/dmn
New York State Energy Research and Development:
www.nyserda.org
Pennsylvania Department of Environmental Protection:
www.dep.state.pa.us
Independent Petroleum Association of America:
www.ipaa.org
Petroleum Technology Transfer Council Appalachian Link:
www.karl.nrcce.wvu.edu
Society of Petroleum Engineers:
www.spe.org/spe-app/spe/index.jsp
LENAPE ENERGY, INC.
Lenape Energy, Inc. (a Delaware corporation) was formed in March of 1995 to acquire Lenape Resources Inc. (a New York corporation) and Lenape Gathering Corp. (a New Jersey corporation) from KCS Energy. In 1996, subsequent to the acquisition of these companies, Lenape Drilling, Inc. (a Delaware corporation) was formed. All of the corporations have their principal office at 9489 Alexander Road, Alexander, New York 14005.
LENAPE RESOURCES, INC.
The predecessor companies to Lenape Resources, Inc. were organized in 1976 for the purpose of engaging in the exploration, development and production of natural gas and/or crude oil through company operated exploration and drilling programs. The present Lenape Resources, Inc. was organized in 1996 and is the operating arm of Lenape Energy supplying services to all of the Lenape companies. Over the years, it has expanded its activities to include equipment rental, brine hauling and disposal, welltending, roustabout services, service rig supervision and well drilling and pipeline supervision. All of which it supplies to its sister companies and joint venture partners. Changes in the natural gas industry have also prompted Lenape Resources to become a gas marketer and energy supply analyst and developer.
As operator, Lenape Resources has drilled 342 wells in the Appalachian basin and acquired an additional 58 wells. Currently, Lenape Resource's operates either solely or through joint ventures approximately 451 wells in Western New York and Pennsylvania for itself, its sister companies and joint ventures. In addition, Lenape Resources, Inc. has non-operated working interests and royalty interests in another 76 wells in Pennsylvania and New York. Lenape has interests in a lease inventory of approximately 138,000 gross acres and 88,000 net acres. The majority of this acreage is in New York with other holdings in Pennsylvania. Of this, approximately 78,000 acres is held by production. The remaining 60,000 undeveloped acres is located both in proximity to established production and in more speculative areas in which there has been little drilling activity.
Lenape Resource's marketing, production and transportation operations focus on using the pipelines operated by National Fuel Gas Supply and Distribution Companies, Dominion (Consolidated Natural Gas Transmission), Norse Pipeline (Columbia Gas Transmission Project Penney), Empire Pipeline, Tennessee Gas Pipeline, Niagara Mohawk, Rochester Gas and Electric and New York State Electric and Gas to deliver gas supplies.
LENAPE GATHERING CORP.
Lenape Gathering, organized in 1980, owns and operates either solely or in joint venture with others, in excess of 190 miles of gas gathering pipeline with five compressor facilities in New York and Pennsylvania. These pipelines function as gathering systems that transport gas from wells operated by Lenape Resources, Inc.
Additionally, Lenape Gathering transports gas from wells operated by other unaffiliated companies. Lenape Gathering's systems deliver directly into transmission pipelines owned by National Fuel Gas Supply Corporation, National Fuel Gas Distribution Corporation, Dominion (Consolidated Natural Gas Corporation), Norse Pipeline (Columbia Gas Transmission Company Project Penney) and Tennessee Gas Pipeline Company. Delivery pressures range from 50 psig to 750 psig with company owned compressor facilities providing compression where necessary. In addition to the connections to the transmission lines, Lenape Gathering either operates or is a partner in direct connections to four industrial and commercial end-users operating within Lenape's pipeline systems.
LENAPE DRILLING, INC.
Lenape Drilling, Inc. was organized in 1997 as the company that would participate in new exploration and development for Lenape Energy. Since 1997, Lenape Drilling has supervised through its own or joint ventures the drilling of 46 wells in New York and Pennsylvania as well as additional leasing and geophysical exploration ventures in New York and Pennsylvania. The new leasing ventures are meant to expand the existing operations of the Lenape companies through expansion of existing fields and development of exploration plays in new areas. In addition, Lenape Drilling is a 42.5% owner in Lion Energy Company LLC. As such, Lenape Drilling has participated in the acquisition of 283 gas and oil wells in Pennsylvania and New York. This venture focuses on the improvement of production from older wells utilizing new technology and equipment while exploiting the knowledge of Lion Energy's partners and the operating experience of Lenape Resources, Inc.
MISSION STATEMENT
Lenape is committed to an ongoing development of reserves throughout its operating territory. In addition to developmental drilling in the Medina and Upper Devonian formations, Lenape has embarked on a state of the art exploration program targeting the highly productive deeper formations (Trenton, Black River, Theresa, Little Falls and Potsdam). Lenape has positioned itself by land acquisition in prime exploration areas that offer it and its exploration partners a unique opportunity to benefit from this potential.
With a well-established history in operations, production, pipelines and exploration, Lenape is an acknowledged leader in the rapidly expanding gas exploration and production areas of New York and Pennsylvania. Uniquely structured as an integrated oil and gas company in its operation area, Lenape stands ready to fully capitalize on future opportunities.
