Peregrine Petroleum Debuts New Educational Assistance Program

DALLAS and HOUSTON, Sept. 18, 2013 /PRNewswire/ -- Texas-based Peregrine Petroleum is helping its employees meet their higher education goals through a new program that provides reimbursement for completed course work at accredited schools.

Peregrine, founded by a group of energy industry veterans from Hunt Petroleum Corp., is one of the nation's leading private oil and gas companies.

"Some of the top energy professionals in the country work at Peregrine Petroleum, and we're excited about helping them continue their education so they can provide the best possible results for our partners and investors alike," says Michael B. Wisenbaker Jr., president of Peregrine. "We're making a significant financial commitment for team members who want to build on their existing educational achievements."

Under the new program, Peregrine's full-time employees who qualify will be reimbursed for tuition, books and other associated fees for completing courses at approved, accredited schools, including correspondence courses, self-study programs, review courses, and license and certification testing.

Brandon Scott, operations engineer at Peregrine, is the first employee to participate in the educational assistance program. A graduate of Louisiana State University, where he earned a Bachelor of Science in petroleum engineering, Mr. Scott now is pursuing his Master of Business Administration at the Tulane University Freeman School of Business. He joined Peregrine in 2011 after previously working at Marathon Oil Corp.

"This advanced degree will not only benefit my work, but also will help with advancement opportunities at Peregrine," says Mr. Scott. "I'm proud to be the first participant in this new initiative, and I'm sure many of my co-workers soon will be pursuing advanced degrees themselves."

About Peregrine Petroleum

Founded in 2008, Peregrine Petroleum is one of the nation's leading private oil and gas exploration and development companies. With offices in Dallas and Houston, Peregrine maintains active operations in some of the nation's top oil and gas trends, including the Permian Basin in West Texas and the Bakken and Three Forks Shale in North Dakota's Williston Basin. Peregrine's continuing growth initiatives are focused on internal and external oil and gas exploration and development, joint ventures and acquisitions in the Permian Basin, Williston Basin, East Texas, Gulf Coast and Middle America regions. Learn more about the company at http://www.peregrinepetroleum.com.

For more information, please contact Bruce Vincent at 800-559-4534 or [email protected].

SOURCE Peregrine Petroleum