The Industry Authority

The Industry Authority for over 100 years 101,695 paid subscribers * Print, digital, and site license 50% International Oilfield to boardroom readership *ABC Statement, June 2007

The Industry Authority Editorial Mission “To provide our readers with all the information they need, in the depth and detail they need it, to best perform their jobs.” – Bob Tippee, Editor Each issue contains: General Interest/News Exploration & Development Drilling & Production Processing Transportation

The Industry Authority Editorial Dominance More valuable information for your customers. Total Industry Editorial Pages Base=4846 *Oil & Gas Journal Media Data (Jan – Dec. 2006)

The Industry Authority Editorial Dominance Source: Oil & Gas Journal Media Data (Jan – Dec. 2006) More valuable information for your customers.

The Industry Authority Editorial Dominance 16 Full Time Editors Over 170 Years Oil/Editorial Experience More Than Triple the Number of Editorial Pages, Compared to Other Industry Publications 1 Only Truly Global Reach Weekly Print and Digital Daily Online 1 Oil & Gas Journal Media Data (Jan – Dec. 2006)

The Industry Authority Readership Dominance Oil & Gas Journal is preferred by your customers, and is read more than any other industry publication. * Industry Publication Readership & Preference *Petroleum Research Bureau (July 2005)

The Industry Authority Circulation Dominance Reach more of your customers - 101,695 paid subscribers! * Total Qualified Circulation *Oil & Gas Journal and Pipeline & Gas Journal ABC. (Jun 2007) Hart's E&P; Hydrocarbon Processing; World Oil and Hart's Pipeline & Gas Technology BPA. (Jun 2007)

The Industry Authority Circulation Dominance Current Corporate Site Licenses Chevron15,000 BP America12,000 Petrobras10,000 Total10,000 Shell Int’l E & P7,000 Aramco Services5,000 ConocoPhillips5,000 Statoil5,000 Anadarko2,500 PricewaterhouseCoopers2,500 Invensys2,000 Devon Energy Corporation500 Digital Edition Subscribers* Total76,500 Individual Digital Subscribers** Total2,625 Individual Print Subscribers** Total22,570 Total OGJ Subscribers** 101,695 * Indicates the current issue is posted on the company ’ s intranet, counting as Qualified Paid on the Publisher ’ s Statement ** ABC Publisher's Statement (Jun 2007) Added since the June ABC audit: BASF1,500 EnCana500 Repsol YPF2,500

The Industry Authority Circulation Dominance Reach more of your customers - 101,695 paid subscribers! * Geographic Breakdown* *ABC Statement, June 2007

The Industry Authority Circulation Dominance Reach more of your customers - 101,695 paid subscribers! * Breakdown By Job Title* Contractors Superintendents Foremen Misc. Workers *ABC Statement, June 2007 Company Officials, Directors & Managers Engineers, Chemists & Geologists Others

The Industry Authority Advertising Dominance Advertisers value Oil & Gas Journal *IMS Auditor (Jan – Dec 2006) Total Ad Pages for 2006 *

The Industry Authority Oil & Gas Journal’s LNG Observer Now Print and Digital! Over 60,000 Circulation Key managers and subscribers involved in LNG including exploration & development, pipelines, transportation and construction Editorial Focus LNG projects by region Updates on shipping industry Regulatory issues Recent statistics Interviews: government and industry Technical articles Quarterly

The Industry Authority Oil & Gas Journal - Latinoaméricana Local... produced in Brazil 6X frequency 80% of circulation is in Brazil, Argentina, Mexico, Colombia, and Venezuela Only regional publication in both Spanish and Portuguese

The Industry Authority Oil & Gas Journal - Russia Russian language magazine reaching executives, management, and technical professionals throughout Russia. Published 12 times a year by Russia's largest privately owned publishing company – in partnership with PennWell. Distributed by subscription, controlled distribution, and at special events. Base circulation – 15,000 copies Launched in June, 2006

The Industry Authority Market Focused Supplements Upcoming Opportunities Well Intervention – November, Downstream Instrumentation & Controls – Jan Coiled Tubing – Feb Gas Processing – Mar Pipeline Protection – Apr Offshore Production – Apr Downhole Fluids – May Advanced Drilling – Jun Downhole Equipment – Jul Oil & Gas Upstream IT – Aug Processing Units – Aug Production Stimulation – Sep Seismic Data Acquisition – Oct Oil Country Tubular Goods – Nov

The Industry Authority Industry Dominance Award-Winning Editorial More Than Triple the Number of Editorial Pages, Compared to Other Industry Publications 1 Highest Circulation 2 – By Far Read More Than Any Other Industry Publication 3 Ranked Most Helpful of Any Industry Publication 3 Global Market Penetration 1 Oil & Gas Journal Media Data (Jan – Dec. 2006) 2 ABC Statement (June 2007) 3 Petroleum Research Bureau (July 2005)

The Industry Authority PennWell Events Oil Sands and Heavy Oil Technologies Conference & Exhibition July 2008 / Calgary Unconventional Gas International Conference & Exhibition September 2008 / Fort Worth Oil & Gas Maintenance Technology Conference & Exhibition December 2008 / Bahrain

The Industry Authority PennWell Petroleum Group An Integrated Media Package Can Enhance the Value of Every Dollar Spent

The Industry Authority Winning Together Oil & Gas Journal is your Global Partner and part of the PennWell Petroleum Group