Jones Energy, Ltd. Retains The Oil & Gas Asset Clearinghouse, A Petroleum Place Company, to Market Its 2001 Divestment Package

Apr 25, 2001, 01:00 ET from Petroleum Place, Inc.

    HOUSTON, April 25 /PRNewswire/ -- The Oil & Gas Asset Clearinghouse ("The
 Clearinghouse"), a leading full-service marketing and consulting firm for oil
 and gas property acquisitions and divestitures and a wholly-owned subsidiary
 of Petroleum Place, an Internet marketplace serving the upstream oil and gas
 industry, announced today that it will be marketing Jones Energy's 2001
 Divestment Package.  This Texas Panhandle package features the majority of the
 proven developed production (PDP) value in 100% working interest (WI)
 company-operated gas wells in the NE Hoover Field, Gray County.  Sizable
 upside reserves exist behind pipe and in several development drilling
 opportunities.  The package also includes three non-operated gas wells in
 Ochiltree County and one non-operated gas well in Washita County, OK.
     (Photo: http://www.newscom.com/cgi-bin/prnh/20000925/PETROLOGO )
     The effective date of the divestiture is June 1, 2001.  A data room will
 be open for qualified companies to review pertinent information regarding this
 package from May 21, 2001 through June 19, 2001 at The Clearinghouse.  An
 electronic data room (EDR) of the package will be available on the Petroleum
 Place Web site (www.petroleumplace.com).  For more information or to make a
 data room appointment, please contact David Nordt with The Clearinghouse at
 (281) 873-4600.
     All purchase offers are due no later than June 19, 2001, with an
 anticipated closing date of July 20, 2001.
     The Oil and Gas Asset Clearinghouse provides a broad range of marketing
 and technical support services for negotiated sales packages, including
 original evaluation of the properties, packaging, presentations, and exposure
 through an electronic data room (EDR) hosted on the www.petroleumplace.com Web
 site.  EDR's illuminate properties in a secure environment and enable
 qualified companies to efficiently access and review more detailed aspects of
 properties online such as maps, well logs, ARIES(TM) economic evaluations,
 production plots and summary land data.
     Companies interested in this divestment package, or any other properties
 marketed by The Oil & Gas Asset Clearinghouse, can access additional
 information on The Petroleum Place Web site (www.petroleumplace.com), or by
 contacting The Clearinghouse at (281) 873-4600.
 
     About The Oil & Gas Asset Clearinghouse
     The Oil & Gas Asset Clearinghouse provides Internet-enabled transaction
 and brokerage services for the acquisition and divestiture of oil and gas
 properties.  An industry leader in auction divestitures, The Clearinghouse has
 expanded its service offering to include negotiated transaction services,
 simultaneous floor and Internet bidding at live auctions, Exclusively Online
 auctions, data room administration, and engineering and geotechnical analysis
 to support all divestiture processes.  The Oil & Gas Asset Clearinghouse is a
 wholly owned subsidiary of Petroleum Place, Inc.
 
     About Petroleum Place, Inc.
     Petroleum Place, Inc. is an Internet marketplace serving the upstream
 petroleum industry.  The Petroleum Place Web site (www.petroleumplace.com),
 which was launched in 1995, seeks to bring price and process efficiencies to
 each stage of the oil and gas property transaction lifecycle, streamlining the
 discovery, evaluation, acquisition, divestiture, and managing of petroleum
 properties.  Petroleum Place provides a broad range of integrated, Internet-
 enabled products and services supporting each of these stages, including
 online oil and gas asset databases (discovery); geotechnical data and
 applications (evaluation); negotiated transaction services, hybrid and
 exclusively online auctions (acquisition and divestiture); and accounting,
 asset management and enterprise resource planning solutions (managing).
 
     Legal Notice Regarding Forward-Looking Statements
     This release may contain forward-looking statements regarding Petroleum
 Place's business, customers or other factors that may affect future earnings
 or financial results.  Actual results could differ materially from those
 projected in such forward-looking statements.  Additional information
 concerning factors that could cause our actual results to differ materially
 from those contained in the forward-looking statements can be found in
 Petroleum Place's filings with the Securities and Exchange Commission (SEC),
 including its registration statement on Form S-1 that was filed with the SEC
 on May 19, 2000, which identify important risk factors that could cause actual
 results to differ from those contained in the forward-looking statements.
 Copies of filings made with the SEC are available through the SEC's electronic
 data gather analysis and retrieval system (EDGAR) at www.sec.gov.  Petroleum
 Place assumes no obligation to update the forward-looking statements included
 in this document.
     This communication shall not constitute an offer to sell, or the
 solicitation of an offer to buy, nor shall there by any sale of these
 securities in any State in which such offer, solicitation, or sale would be
 unlawful prior to the registration or qualification under the securities laws
 of any such State.
 
                      MAKE YOUR OPINION COUNT - Click Here
                http://tbutton.prnewswire.com/prn/11690X16887112
 
 

SOURCE Petroleum Place, Inc.
    HOUSTON, April 25 /PRNewswire/ -- The Oil & Gas Asset Clearinghouse ("The
 Clearinghouse"), a leading full-service marketing and consulting firm for oil
 and gas property acquisitions and divestitures and a wholly-owned subsidiary
 of Petroleum Place, an Internet marketplace serving the upstream oil and gas
 industry, announced today that it will be marketing Jones Energy's 2001
 Divestment Package.  This Texas Panhandle package features the majority of the
 proven developed production (PDP) value in 100% working interest (WI)
 company-operated gas wells in the NE Hoover Field, Gray County.  Sizable
 upside reserves exist behind pipe and in several development drilling
 opportunities.  The package also includes three non-operated gas wells in
 Ochiltree County and one non-operated gas well in Washita County, OK.
     (Photo: http://www.newscom.com/cgi-bin/prnh/20000925/PETROLOGO )
     The effective date of the divestiture is June 1, 2001.  A data room will
 be open for qualified companies to review pertinent information regarding this
 package from May 21, 2001 through June 19, 2001 at The Clearinghouse.  An
 electronic data room (EDR) of the package will be available on the Petroleum
 Place Web site (www.petroleumplace.com).  For more information or to make a
 data room appointment, please contact David Nordt with The Clearinghouse at
 (281) 873-4600.
     All purchase offers are due no later than June 19, 2001, with an
 anticipated closing date of July 20, 2001.
     The Oil and Gas Asset Clearinghouse provides a broad range of marketing
 and technical support services for negotiated sales packages, including
 original evaluation of the properties, packaging, presentations, and exposure
 through an electronic data room (EDR) hosted on the www.petroleumplace.com Web
 site.  EDR's illuminate properties in a secure environment and enable
 qualified companies to efficiently access and review more detailed aspects of
 properties online such as maps, well logs, ARIES(TM) economic evaluations,
 production plots and summary land data.
     Companies interested in this divestment package, or any other properties
 marketed by The Oil & Gas Asset Clearinghouse, can access additional
 information on The Petroleum Place Web site (www.petroleumplace.com), or by
 contacting The Clearinghouse at (281) 873-4600.
 
     About The Oil & Gas Asset Clearinghouse
     The Oil & Gas Asset Clearinghouse provides Internet-enabled transaction
 and brokerage services for the acquisition and divestiture of oil and gas
 properties.  An industry leader in auction divestitures, The Clearinghouse has
 expanded its service offering to include negotiated transaction services,
 simultaneous floor and Internet bidding at live auctions, Exclusively Online
 auctions, data room administration, and engineering and geotechnical analysis
 to support all divestiture processes.  The Oil & Gas Asset Clearinghouse is a
 wholly owned subsidiary of Petroleum Place, Inc.
 
     About Petroleum Place, Inc.
     Petroleum Place, Inc. is an Internet marketplace serving the upstream
 petroleum industry.  The Petroleum Place Web site (www.petroleumplace.com),
 which was launched in 1995, seeks to bring price and process efficiencies to
 each stage of the oil and gas property transaction lifecycle, streamlining the
 discovery, evaluation, acquisition, divestiture, and managing of petroleum
 properties.  Petroleum Place provides a broad range of integrated, Internet-
 enabled products and services supporting each of these stages, including
 online oil and gas asset databases (discovery); geotechnical data and
 applications (evaluation); negotiated transaction services, hybrid and
 exclusively online auctions (acquisition and divestiture); and accounting,
 asset management and enterprise resource planning solutions (managing).
 
     Legal Notice Regarding Forward-Looking Statements
     This release may contain forward-looking statements regarding Petroleum
 Place's business, customers or other factors that may affect future earnings
 or financial results.  Actual results could differ materially from those
 projected in such forward-looking statements.  Additional information
 concerning factors that could cause our actual results to differ materially
 from those contained in the forward-looking statements can be found in
 Petroleum Place's filings with the Securities and Exchange Commission (SEC),
 including its registration statement on Form S-1 that was filed with the SEC
 on May 19, 2000, which identify important risk factors that could cause actual
 results to differ from those contained in the forward-looking statements.
 Copies of filings made with the SEC are available through the SEC's electronic
 data gather analysis and retrieval system (EDGAR) at www.sec.gov.  Petroleum
 Place assumes no obligation to update the forward-looking statements included
 in this document.
     This communication shall not constitute an offer to sell, or the
 solicitation of an offer to buy, nor shall there by any sale of these
 securities in any State in which such offer, solicitation, or sale would be
 unlawful prior to the registration or qualification under the securities laws
 of any such State.
 
                      MAKE YOUR OPINION COUNT - Click Here
                http://tbutton.prnewswire.com/prn/11690X16887112
 
 SOURCE  Petroleum Place, Inc.