Pacific Energy & Mining Co. (PEMC)

Overview

Pacific Energy & Mining Company operated in the energy sector specializing in the exploration and production of oil and gas within the United States. With its base in Reno, Nevada, the company had engagement primarily in the oil and gas fields in Utah, holding non-operated working interests. Despite its contributions to the oil and gas sector, Pacific Energy & Mining Company encountered financial difficulties leading to a Chapter 11 bankruptcy filing on July 10, 2019. The situation escalated, and on November 7, 2019, their petition for reorganization was converted to Chapter 7 liquidation by the US Bankruptcy Court for the District of Utah, marking the end of its operational presence in the industry.

Products and Services

• Oil Exploration and Production

The core operation of Pacific Energy & Mining Company involved the exploration and extraction of oil. This process entails using technology to locate natural oil reservoirs and then drilling to extract oil from these sites. The company played a significant role in identifying and developing oil fields, primarily in the state of Utah, contributing to the region's energy resources and the broader energy market.

• Gas Exploration and Production

In addition to oil, the company was engaged in natural gas exploration and production. This involves using geological surveys and drilling techniques to discover natural gas reservoirs, followed by the extraction and production of natural gas. These activities support the energy sector by providing cleaner fuel options and contribute to meeting the energy demands of various sectors of the economy.