Former Colfor Mfg. property transfers twice in one week

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The former Colfor Manufacturing facility in Brown Township was transferred to new owners March 27 and two days later, transferred again.
According to a real estate transfer recorded in the Carroll County Recorder’s office March 27, Reserve Energy Exploration Company of Chagrin Falls purchased two tracts, 2.97 acres and 11.143 acres for $2 million.
The same property was transferred to EOG Resources March 29 with no money exchanged.
The facility is located at the intersection of SR 43 and 183 near Malvern.
According to the Reserve Energy Exploration website, the company is a privately-owned family-held business with a focus on the development of natural gas and renewable energy projects.
The site states the Reserve Energy team identifies productive resource areas and secures land in sought-after markets.
Areas of development include natural gas and oil exploration, wind energy development and solar energy development.
The company’s headquarters is listed as Gottschalk Park Suite, Chagrin Falls.
The company has been in oil and gas business since 1972.
The Messenger attempted to reach the company by phone and email. Neither method was successful.

EOG Resources was born in 1999, declaring its independence from Enron Corp., according to the company’s website.
EOG is one of the largest crude oil and natural gas exploration companies in the United States, focusing on being among the lowest cost, highest return and lowest emissions producers, playing a significant role in the long-term future of energy, according to the website.
The company has increased operations in the Appalachian Basin in Ohio, Pennsylvania and West Virginia in the Utica Shale play and operates several wells in the Carroll County area. It also operates in shale plays in the northwestern United States, Texas and Oklahoma as well as Trinidad & Tobago.
Nine offices are listed on the website, including Artesia, Corpus Christi, Denver, Fort Worth, Midland, Oklahoma City, San Antonio, Trinidad & Tobago and the corporate office in Houston.

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