Energy & Mining International - Winter 2016 - 46

E
M
I

MOUNTAIN V OIL & GAS INC.

WINTER 2016

*

Bridgeport, W.V.

"We all get up early,
stay late and everybody
looks for opportunities."
// S. MICHAEL SHAVER, PRESIDENT
Mountain V owns and operates 1,041 wells in West Virginia, Pennsylvania and Tennessee.

Staying Local

Mountain V has found success with its niche of
working in the Appalachian Basin.

[ BY AL AN DORIC H ]

The winning combination of hard
work and good people has been key
to the growth of Mountain V Oil &
Gas Inc., President S. Michael Shaver

says. "We all get up early, stay late and
everybody looks for opportunities,"
he says.
Based in Bridgeport, W.V., Mountain
V acquires and develops oil and gas

PROFILE

Mountain V Oil & Gas Inc. www.mountainvoilandgas.com | 2014 revenues: $6 million |
Headquarters: Bridgeport, W.V. | Employees: 29 | Specialty: Oil and gas exploration and development

46 emi-magazine.com

reserves. Shaver and his father, Steve
Shaver, founded the company in 1994
after many years in the industry.
"Our intent of going into business
was to acquire mature oil and gas assets," the younger Shaver recalls. "We
were fortunate enough to acquire wells
close to home, in West Virginia and
Pennsylvania."
When natural gas prices improved
in 2002, Linn Energy acquired all of
Mountain V's legacy Pennsylvania assets, he recalls. Four years later, EXCO
Resources Inc. purchased its West
Virginia legacy assets.
After the death of his father in 2006,
Michael Shaver started rebuilding
Mountain V. "In last 20 years, we
drilled close to 800 wells in West Virginia, Pennsylvania, and Tennessee,"
he recalls. "We were also fortunate
to have acquired some acreage in the
sweet spots of the Marcellus, which
Mountain V sold its interest to Range
Resources and Rice Energy."
Today, Mountain V owns and operates 1,041 wells in West Virginia, Pennsylvania and Tennessee, and produces
primarily from the Upper Devonian,
Oriskany and Marcellus Shale formations. It operates with a staff of 29
that has worked 18,298 hours in 2015
without a single accident.


http://www.emi-magazine.com

Table of Contents for the Digital Edition of Energy & Mining International - Winter 2016

Contents
Energy & Mining International - Winter 2016 - Cover1
Energy & Mining International - Winter 2016 - Cover2
Energy & Mining International - Winter 2016 - 1
Energy & Mining International - Winter 2016 - 2
Energy & Mining International - Winter 2016 - Contents
Energy & Mining International - Winter 2016 - 4
Energy & Mining International - Winter 2016 - 5
Energy & Mining International - Winter 2016 - 6
Energy & Mining International - Winter 2016 - 7
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Energy & Mining International - Winter 2016 - Cover3
Energy & Mining International - Winter 2016 - Cover4
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http://www.nxtbook.com/nxtbooks/phoenix/emi_2014spring
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http://www.nxtbook.com/nxtbooks/phoenix/emi_2013spring
http://www.nxtbook.com/nxtbooks/phoenix/emi_2013winter
http://www.nxtbook.com/nxtbooks/phoenix/emi_2012fallwinter
http://www.nxtbook.com/nxtbooks/phoenix/emi_2012fall
http://www.nxtbook.com/nxtbooks/phoenix/emi_2012summer
http://www.nxtbook.com/nxtbooks/phoenix/emi_2012spring
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http://www.nxtbook.com/nxtbooks/businessmedia/emi_2011spring
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http://www.nxtbook.com/nxtbooks/businessmedia/ep_2011winter
http://www.nxtbook.com/nxtbooks/businessmedia/ep_2010fall
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