The Appalachian Basin has been home to many family-owned companies over the years. Now there’s a new twist on this familiar model, with a father-son duo heading up a private-equity backed venture. Clark Nicklas, CEO, and David Nicklas, president, co-founded Laurel Mountain Energy LLC in 2014. In 2015, they secured backing from Tudor, Pickering, Holt & Co.
Clark Nicklas has had a long association with the Appalachian Basin, including several ventures with Vista Resources Inc., a company that he founded in 1987. His son David Nicklas also worked at Vista in various roles from 2003 to 2014, including as its president.
Pittsburgh-based Laurel Mountain has focused its efforts north of the Steel City in portions of Butler, Clarion and Armstrong counties. It is working on the north end of the north-of-Pittsburgh play, an area where such operators as Rex Energy, EdgeMarc Energy Holdings, Penn Energy Resources, Range Resources and Snyder Brothers are active.