Press Releases
07/21/2010
As a part of the process contemplated by the KKR investment in East Resources, Inc. ("ERI") last year, ERI has transferred substantially all of its assets, including oil and gas leases, seismic and geological information, engineering data, wells, equipment, production, contracts, vehicles, office leases, drilling permits, and other real and personal property to East Resources Management, LLC ("ERM"). With the exception of certain governmental approvals that must necessarily follow the transfer of other assets, we are and have been conducting business as ERM. In many ways this amounts to a name change, as there has been and will not be much in the way of noticeable changes affecting operations. However, the change does involve the transfer of assets from one entity to another and it was effective on June 1st. The process of making all of the necessary changes to contracts, title documents, and other documents is somewhat lengthy and is ongoing and we are still in the process of obtaining governmental approvals. If you have any questions about the process please contact us.
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