As the company enters the 21st century, Huber’s businesses continue to focus on responsible stewardship of the environment.
In 2000, Huber Resources Corp launches a land management services business to help other landowners manage their timberlands. By 2006, Huber Resources is managing approximately 200,000 acres for other landowners, in addition to 400,000 acres of Huber property. The business uses sustainable forestry practices to ensure the long-term appreciation of timberlands.
In 2002, Huber Energy shifts to a transactional approach for its oil and gas business. Rather than follow the traditional “develop and hold” model, Huber draws on its expertise to buy, develop and sell oil and gas properties.
Huber Energy develops innovative technology to drill multiple coal seams with a single well. This not only reduces costs, it also minimizes the impact on the environment.
In 2011, Huber sells its energy business, exiting an industry it had first entered in the 1920s.
From 2009 to 2011, Huber shifts its focus from owning timberlands to managing them. The company begins selling its properties to ecologically-responsible organizations, while negotiating long-term contracts to continue to manage the timberlands through Huber Resources.
Here are some other highlights from Huber’s history: