Advantage Energy Partners LLC and BOCOR Holdings LLC today announced the purchase of 100% of the natural gas and oil production assets of Select Energy and Excalibur Exploration Inc. The transaction represents 140 oil and natural gas wells located primarily in the Northeast Ohio counties of Geauga, Ashtabula, Portage, Lake and Stark counties. Advantage Energy Partners and BOCOR Holdings are equally owned and controlled by Michael Senff, Founder and President of Advantage Energy Partners and Robert Hutcheson, President of BOCOR Holdings.
The two transactions were closed independently of each other and collectively represent a 25% increase to the production volumes and add several thousand drillable acres to the BOCOR Holdings portfolio.
“These assets are a great strategic fit for our portfolio as they are geographically synergistic with the existing operations of our sister company Canton Oil Well Services. We’re incredibly pleased to be able to add quality assets with a proven history of solid production to our portfolio”, said Robert Hutcheson, President of BOCOR Holdings.
Advantage Energy Partners will continue to exclusively market all the energy production of BOCOR Holdings.
“We’re very excited about the opportunity to bring more Ohio produced natural gas to Ohio consumers.”, said Mike Senff, President of Advantage Energy Partners. “This transaction allows us to continue to deliver on our strategy of providing value to Ohio energy consumers by giving them direct access to one of the region’s most plentiful and cost-effective resources.”
Advantage Energy Partners was founded on the principal that customers come first. We are an energy advisor, supplier, and partner with the sole focus of finding the right energy solution for business 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
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 our sister corporation, Canton Oil Well Service, Inc. (Canton Oil Well). Canton Oil Well was originated in 1962 by the late Robert H. Hutcheson and was the catalyst for the creation of our family of companies.