Petroleum Geologist Nancy DeWitt Joins Chestnut Petroleum

Specialized expertise to focus on helping company expand production in older fields

Oct 12, 2011, 14:52 ET from Chestnut Petroleum

DALLAS, Oct. 12, 2011 /PRNewswire/ -- Chestnut Petroleum, a privately owned independent operator, is pleased to announce that Nancy DeWitt has joined its in-house team.

Ms. DeWitt is a petroleum geologist with over 25 years' experience in the oil and gas industry. She is a proven oil finder with expertise in geotechnology and information services as they relate to exploration and development. She brings a high level of knowledge and understanding of stratigraphic traps and has the unique ability for finding oil and gas in mature fields throughout the continental United States.

"Chestnut Petroleum follows a successful business model of creating value by expanding production in older fields," says Mark Plummer, President and Founder of The Chestnut Group of Companies. "Nancy's experience and proven ability for finding oil are a welcomed addition to our team. We look forward to her contributions to the growth and prosperity of our company."

Ms. DeWitt received her bachelor and master degrees in Geology from Stephen F. Austin State University.

About Us

Chestnut Petroleum is a privately owned independent owner-operator that conducts drilling, recompletion and reentry, and general operations in proven producing oil and natural gas fields primarily in Texas and Louisiana. Led by founder and President, Mark A. Plummer, Chestnut Petroleum has followed a philosophy of buying smart, managing costs, and improving production since its inception in 1994. Chestnut Petroleum applies a no-nonsense approach to asset management that drives its ability to create value throughout all of its operations. The Company's current asset portfolio encompasses approximately 250 wells in the following fields: Gillis English Bayou Unit (GEB), Calcasieu Parish, LA; East Texas Field, Gregg County, TX; Signal Hill East Unit, Long Beach, CA; Hardeman County, TX; Barnett Shale, Hood & Tarrant Counties, TX; Lea County, NM; and Eliasville Field, TX.

Chestnut Energy Partners is the exclusive broker-dealer for Chestnut Petroleum; and is a registered broker-dealer and member of the Financial Industry Regulatory Authority (FINRA, formerly the NASD).

To learn more, visit the company's web site at http://www.chestnutpetroleum.com

SOURCE Chestnut Petroleum



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