Advantage Energy Partners and BOCOR Holdings Announce Merger

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Advantage Energy Partners and BOCOR Holdings Announce Merger

Advantage Energy Partners and BOCOR Holdings announced today that they have entered into a definitive agreement to merge December 31, 2017. Specifically, Advantage Energy Partners will join a family of companies that will collectively be owned equally by Michael Senff, Founder and President of Advantage Energy Partners and Robert Hutcheson, Owner and Member-Manager of BOCOR Holdings.

The family of companies will include;

  • Advantage Energy Partners LLC, an energy procurement advisory firm focused on helping commercial and industrial customers find the best energy solutions
  • BOCOR Holdings LLC, a natural gas exploration and production company that owns and operates over 400 wells in the Appalachian Basin
  • Canton Oil Well Service Inc., a natural gas and oil well service organization operating in Ohio and Pennsylvania
  • Independent Energy Investments Corporation, which owns and operates intrastate gathering and pipeline systems in Ohio and Pennsylvania
  • New River Equipment Corporation, a manufacturer and distributor of patented stump grinding wheels, pockets, and teeth
  • HP Diversified Properties LLC, which owns and manages a diverse set of income producing land and property

The merger will provide a number of synergies across the family of companies that will stimulate future growth. Notably, Advantage Energy Partners will become the exclusive marketer of all the natural gas produced by BOCOR Holdings.

“Merging the Advantage Energy brand and skill set into our family of companies will enable us to unlock more value from our production as we move closer to the end user. Mike and his team will play a critical role in our growth objectives and I couldn’t be more pleased with this transaction,” said Robert Hutcheson, Owner and Member-Manager of BOCOR Holdings.

Advantage Energy Partners will be developing the organizational strategy for the marketing of natural gas.  The strategic direction for natural gas will focus on ensuring BOCOR Holdings is optimizing the value of their production, which may include becoming a retail supplier in regions where BOCOR Holdings has production.

“We’re very excited about combining our efforts with a such a stable and storied organization,” said Mike Senff, President of Advantage Energy Partners. “The combination of these companies provides a solid foundation from which we will continue our growth. Our ability to leverage the unique capabilities and financial strength of each organization will enhance our ability to deliver on the promises we’ve made to our employees and customers.”

 

About Advantage Energy Partners

Advantage Energy Partners was founded on the principal that customers come first. We are a completely independent energy procurement advisory firm with the sole focus of finding the right energy solution for our customers. Our goal is to use our energy expertise to help customers make informed decisions about all things energy. Please visit us at www.AdvantageEnergyPartners.com

 

About BOCOR Holdings

Incorporated on January 1, 2001, BOCOR Holdings, L.L.C. is focused exclusively on the exploration, development, and production of crude oil and natural gas within the Appalachian Basin. BoCor has the enviable position of being one of the lowest cost producers in the Appalachian Basin by virtue of its relationship with its sister corporation, Canton Oil Well Service, Inc.