Pin Oak Energy Partners

What Pin Oak Energy Partners does

Pin Oak Energy Partners LLC is a privately held, independent oil and gas exploration, production and midstream company headquartered in Akron, Ohio. Founded in 2015 by Christopher T. Halvorson and Mark H. Van Tyne, the company focuses exclusively on acquiring, developing and producing hydrocarbon assets in the Appalachian Basin, with technical expertise spanning conventional reservoirs and the Marcellus and Utica/Point Pleasant shales. The company has executed a serial-acquisition strategy, growing from approximately 350 producing wells in early 2017 to over 3,300 producing wells with 317,000 net acres (98% held by production) and 28 MMcfe/d of net production as of late 2020.

The company operates through two integrated business units: the upstream E&P platform (Pin Oak Energy Partners) focused on acreage acquisition, drilling and production, and a wholly owned midstream subsidiary (Pin Oak Midstream LLC) that operates nearly 1,200 miles of gathering and transmission pipelines with 16 interconnect facilities to major interstate pipelines including TGP, Blue Racer, Dominion, NFG and Columbia Transmission. Midstream assets serve both company production and third-party operators in the basin. Pin Oak generates revenue through oil, natural gas and NGL sales from net production, midstream gathering fees from third-party operators, and one-time landowner lease bonuses plus ongoing royalty payments as part of its landowner partnership program.

Go-to-market is enterprise field sales driven: the company sources assets directly from E&P sellers (e.g., EQT, Seneca Resources, SWEPI LP/Shell, Protege Energy, Laurel Mountain Midstream) and develops landowner relationships through direct outreach, with a small central team of 11-50 employees and a $150 million credit facility with CrossFirst Bank funding acquisitions. Customers include landowners (B2C-style lease/royalty relationships), asset sellers (B2B divestiture transactions), and third-party gas operators (midstream services).

Name

Pin Oak Energy Partners

Legal name

Pin Oak Energy Partners LLC

Website

https://pinoakep.com

Company type

Private

Founded year

2015

Operating status

Operating

Headcount range

11–50 employees

Short description

Pin Oak Energy Partners is a privately held, Appalachian Basin-focused independent oil and gas exploration, production, and midstream company headquartered in Akron, Ohio, operating 3,300+ producing wells and 1,200+ miles of pipelines.

Ownership category

akta.pro rank

Product category

Oil and Gas Exploration and Production

NAICS

Oil and Gas Extraction (211), Crude Petroleum Extraction (21112)

SIC

Crude Petroleum & Natural Gas (1311), Natural Gas Transmisison & Distribution (4923)

akta.pro primary industry

Drilling & Well Construction (E&P Operator-led) (EUALAAAD)

akta.pro secondary industries

Unconventional Gas E&P (Shale/Tight Gas) (EUAAAAAC), Onshore Natural Gas E&P (Conventional Fields) (EUAAAAAG)

Keywords

• Oil and gas exploration
• Natural gas production
• Midstream pipeline operations
• Appalachian Basin assets
• Upstream energy development

Headquarters

HQ city

Akron

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Operations, Supply Chain, Infrastructure, Personnel, Technology or R&D, Marketing or Sales

Revenue model

1. Oil and Gas Production: Revenue generated from the sale of crude oil, natural gas, and natural gas liquids (NGL) produced from the company's over 3,300 producing wells across the Appalachian Basin. Production volumes include 28 MMcfe/d with 13% liquids (oil and NGL content).
2. Landowner Lease Bonuses: One-time bonus payments made to Lessors (landowners) after confirmation of ownership to the oil and gas rights leased through comprehensive title research. Typically made after the lease is signed and ownership is confirmed.
3. Landowner Royalty Payments: Ongoing royalty payments to landowners based on proportionate leased acres in the production unit for producing wells. Checks are mailed to all lessors who share an interest in a producing well related to production and sale of oil and/or natural gas.
4. Midstream Services: Revenue from gathering, processing, and transportation of hydrocarbons through the company's midstream pipeline systems. Pin Oak Midstream operates nearly 1,200 miles of pipeline assets with 13 interstate pipeline interconnections, gathering gas from third-party operators in addition to the company's own production.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels2 records

Core offering

Pin Oak Energy Partners is an independent oil and gas exploration, production and midstream company focused on assets in the Appalachian Basin. The company acquires, develops and operates over 3,300 producing wells across approximately 317,000 net acres targeting conventional and unconventional reservoirs including the Marcellus and Utica Shales. Through its wholly owned subsidiary Pin Oak Midstream, the company operates nearly 1,200 miles of gathering and transmission pipeline with 13+ interstate interconnections, gathering and transporting its own production and third-party volumes.

Product overview

Pin Oak Energy Partners LLC is an independent oil and gas exploration, production and midstream company with two primary business units: the upstream E&P operations (Pin Oak Energy Partners) focused on acquisition, exploration, development and production of crude oil and natural gas in the Appalachian Basin, and the downstream midstream subsidiary (Pin Oak Midstream LLC) handling gathering, processing and transportation of hydrocarbons. The company operates over 3,300 producing wells, maintains approximately 317,000 net acres, and owns nearly 1,200 miles of midstream gathering and transmission lines with pipeline interconnects to major interstate pipelines including TGP, Blue Racer Midstream, Dominion, NFG, and Columbia Transmission. Additionally, the company provides landowner partnership services including lease bonuses, royalty payments, and environmental stewardship programs.

Differentiator

Problem solved

Functional benefit

Products and services

• Oil and Gas Exploration and Production Acquisition, exploration, development and production of crude oil, natural gas and natural gas liquids across over 3,300 producing wells and approximately 317,000 net acres in the Appalachian Basin, targeting conventional and unconventional reservoirs including the Marcellus and Utica Shales. Production stands at 28 MMcfe/d with 13% liquids content.
• Pin Oak Midstream Gathering and Transportation Services Wholly owned midstream subsidiary providing gathering, compression and transportation of natural gas through nearly 1,200 miles of pipeline with 13+ interstate interconnections to TGP, Blue Racer Midstream, Dominion, NFG and Columbia Transmission. Services cover both Pin Oak's own production and third-party volumes across Ohio and Pennsylvania, with gathering capacity of over 50 MMcf/d from the Jackson Center assets alone.
• Landowner Mineral Rights Leasing Program Long-term partnership program under which Pin Oak leases mineral rights from landowners, providing one-time lease bonus payments after title confirmation and ongoing royalty payments proportionate to leased acres in producing units. Includes environmental stewardship commitments and a dedicated leasing contact channel at [email protected].
• Owner Portal Online portal (pinoakenergy.onlinerpts.com) provided to landowners for accessing their accounts, viewing ownership information and managing landowner changes and transfers.

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Eight partnerships are on record, tiered core and minor.

• Laurel Mountain Midstream LLCcoreStrategic or Co-development Partner · 1 September 2020Pin Oak Midstream LLC, a wholly owned subsidiary of Pin Oak Energy Partners, acquired Laurel Mountain Midstream's Jackson Center assets in northwestern Pennsylvania. Jackson Center includes over 1,050 miles of natural gas gathering pipelines and five gathering compressor stations with gathering capacity of over 50 MMcf/d. Laurel Mountain Midstream is a joint venture between Williams Laurel Mountain, LLC and Chevron Northeast Upstream LLC.
• Williams Laurel Mountain, LLCcoreStrategic or Co-development Partner · 1 September 2020Williams Laurel Mountain, LLC is a joint venture partner with Chevron in Laurel Mountain Midstream LLC. Pin Oak Midstream acquired assets from this joint venture entity.
• Chevron Northeast Upstream LLCcoreStrategic or Co-development Partner · 1 September 2020Chevron Northeast Upstream LLC is a joint venture partner with Williams in Laurel Mountain Midstream LLC. Pin Oak Midstream acquired assets from this joint venture entity.
• National Fuel GasminorStrategic or Co-development Partner · 1 September 2020Pin Oak Midstream has pipeline interconnects with National Fuel Gas Supply Corporation's interstate pipeline. The Jackson Center assets have multiple interstate pipeline interconnects including National Fuel Gas interconnects with total capacity of almost 100 MMcf/d.
• Tennessee Gas Pipeline (TGP)minorStrategic or Co-development Partner · 1 September 2020Pin Oak Midstream has multiple pipeline interconnects with Tennessee Gas Pipeline. The Jackson Center assets have interconnects with TGP with total capacity of almost 100 MMcf/d. The company also has 4 interconnects into TGP as part of its overall midstream assets.
• Dominion EnergyminorStrategic or Co-development Partner · 1 September 2020Pin Oak Midstream has 5 interconnect facilities into Dominion's pipeline system as part of its 16 total pipeline interconnect facilities.
• NFG (National Fuel Gas)minorStrategic or Co-development Partner · 1 September 2020Pin Oak Midstream has 2 interconnect facilities into NFG's pipeline system as part of its overall midstream assets.
• Blue Racer Midstream, LLCcoreStrategic or Co-development Partner · 1 June 2019Blue Racer Midstream is a key midstream partner. Pin Oak's Chief Commercial Officer Brent Breon was previously VP of Business Development at Blue Racer Midstream and Caiman Energy II, where he helped build one of the Appalachian Basin's largest gas gathering and processing companies. Pin Oak has 4 interconnects into Blue Racer Midstream's system and acquired assets that connect into Blue Racer's Washington County Connector line.

Scale indicators6 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• CNX Resources: Low-cost Appalachian pure-play natural gas producer with operations in the Marcellus and Utica shales in Pennsylvania and West Virginia. Comparable on basin focus, gas-weighted production mix, and development-style asset base.
• Expand Energy: Independent natural gas producer formed via the Chesapeake Energy / Southwestern Energy merger, with major Marcellus and Utica positions in Appalachia. Comparable as a large-scale Marcellus/Utica operator that has historically divested non-core acreage to companies like Pin Oak.
• Range Resources: Independent E&P focused on the Marcellus Shale in Pennsylvania with a long history of Appalachian conventional and unconventional development. Comparable to Pin Oak on basin, scale of producing assets, and integrated operations.
• Antero Resources: Independent E&P producing natural gas, NGLs and oil in the Appalachian Basin (Marcellus/Utica in West Virginia and Ohio), with integrated midstream services through Antero Midstream. Directly comparable to Pin Oak on basin focus, liquids-rich production mix, and integrated upstream-midstream model.
• Tug Hill Operating: Privately held E&P focused on the Marcellus and Utica shales in West Virginia, Pennsylvania and Ohio. Closely comparable to Pin Oak on basin, private-company profile, and unconventional development focus.
• Olympus Energy: Privately held independent E&P focused on the Marcellus Shale in Southwest Pennsylvania. Comparable to Pin Oak on basin, private-company status, and similar asset-package acquisition strategy.
• Diversified Energy Company: Public E&P specializing in the acquisition and operation of mature, conventional upstream oil and gas assets across multiple U.S. basins including Appalachia. Comparable to Pin Oak on a roll-up acquisition strategy and on operating a large portfolio of legacy Appalachian wells.
• Coterra Energy: Independent E&P formed via the Cabot Oil & Gas / Cimarex merger, with significant Marcellus Shale production in Pennsylvania. Comparable to Pin Oak as a Marcellus/Utica operator; a logical consolidator of Appalachian assets of Pin Oak's profile.
• Ascent Resources: Privately held independent E&P focused on the Utica Shale in Ohio and liquids-rich window of the Marcellus. Comparable to Pin Oak on basin, liquids-rich Utica focus, and private-company operating profile.

Broad incumbents

• EQT Corporation: Largest U.S. natural gas producer and the dominant Appalachian Basin operator, focused almost entirely on Marcellus and Utica with integrated gathering and transmission through Equitrans. Comparable as the basin incumbent that has both transacted with Pin Oak and absorbed multiple prior Pin Oak-affiliated teams.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/pin-oak-energy-partners

Revenue estimate

Valuation estimate

Number of profiles

Profiles8 records

Subsidiaries1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Pin Oak Energy Partners