Former Worley & Obetz exec, staffers form new company

Seth Obetz, a former executive of defunct energy firm Worley & Obetz, is leading an effort to form a new energy company.

He announced the venture Tuesday evening on a website for the company, called Obetz Energy.

Details were sparse, and efforts to reach Obetz have not been successful. But in an online statement, he wrote:

“We have organized a great group of former employees and customers to start up a fantastic energy, heating and cooling company. Our goal is to be operational in July; providing very competitive, top quality, propane, heating oil, heating and air conditioning services, electricity and natural gas. Our caring and attention to you will be unparalleled.”

Obetz was vice chairman of Worley & Obetz, based in Penn Township, which closed Monday amid reports it is being investigated for an alleged fraud that could cost lenders millions of dollars. 

The statement from Obetz Energy was silent on staff size, sources of the company’s funding and on whether or how it would be affected by the potential liabilities of the former Worley & Obetz.

In related news, news outlet LNP reported that a sister company of Worley & Obetz, Ranck Plumbing Heating and Air Conditioning, also has closed.

Based in East Hempfield Township, Ranck in May purchased the residential HVAC division of Triangle Refrigeration Co. The deal brought Ranck’s employee count to roughly 70 people, according to Business Journal records. It served customers in Lancaster, York and Berks counties.

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