Hart Energy Acquires Executive Oil Conference From Petroleum Strategies

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HOUSTON, Jan. 16, 2013 (GLOBE NEWSWIRE) -- Hart Energy, the leader in unconventional resource events, today announced that it has reached an agreement to acquire the Executive Oil Conference from Petroleum Strategies, adding it to their industry-leading conferences lineup.

"The Executive Oil Conference is a well-established, highly regarded industry event — important to decision makers who play in the Permian Basin, said Kevin Higgins, president and chief operating officer. "The conference, now in its 19th year, is a strategic add-on that fits perfectly into Hart Energy's portfolio of events and A &D products. We look forward to a continued relationship with Petroleum Strategies in seeing to the future success and growth of the conference."

The Midland event welcomes roughly 500 attendees each year. Purchasing the conference allows Hart Energy to expand its position in Midland/Odessa and the Permian Basin region. Petroleum Strategies will continue playing a vital role in the event as its founding sponsor.

"I've attended the Executive Oil Conference every year for more than a decade — both in the audience and on-stage — so I'm familiar with the high quality of speakers and topics," said Leslie Haines, Hart Energy's editor-in-chief of Oil and Gas Investor. "It's an important forum for discussing issues that affect Permian Basin producers. I'm very pleased that Hart Energy will manage the event and work with Petroleum Strategies to continue its success."

The 2013 Executive Oil Conference planned for March has been rescheduled. The event's new dates are Oct. 14-15 in Midland, and will include the ever-popular golf tournament.

About Hart Energy

For 30-plus years, Hart Energy has been a leader covering news and technology for energy investors and executives. The Houston-based company publishes Oil and Gas Investor, E &P, Midstream Business, and FUEL, online data services (OilandGasInvestor.com, UGcenter.com, A-Dcenter.com), and industry newsletters, and provides research and consulting services. With its successful DUG™ conference series, maps, playbooks, and research studies, Hart Energy offers exceptional depth in unconventional resources information. Visit hartenergy.com for more information.

The Hart Energy logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=16374

CONTACT: Susan D. Emfinger +1.713.260.1069 susanemfinger@hartenergy.com

Source: Hart Energy CT