Universal Bioenergy Inc., an independent diversified energy company, engages in the production, marketing, and sale of natural gas, petroleum, coal, propane, refined petroleum products, electricity, and alternative energy in the United States. The company is also involved in the acquisition of oil and gas fields, lease acquisitions, and development of newly discovered oil and gas fields; and re-entering existing wells, and transmission and marketing of the products. It markets and distributes its natural gas and propane to public utilities, electric power producers, and local gas distribution companies that serve commercial, industrial, and residential customers. The company was formerly known as Palomine Mining Inc. and changed its name to Universal Bioenergy Inc. in October 2007. Universal Bioenergy Inc. was incorporated in 2004 and is headquartered in Irvine, California.