Chestnut Petroleum and Forbes Magazine

DALLAS, Oct. 25, 2011 /PRNewswire/ -- Chestnut Petroleum, a privately owned independent operator, is featured in the October edition of The Forbes 400 magazine. Chestnut Petroleum was also invited and participated in the Forbes iConference in 2009.

"I always enjoy hearing Steve Forbes speak at the Money Show and Freedom Fest trade shows," says Mark Plummer, President and Founder of Chestnut Petroleum and Chestnut Energy Partners. "We see the possibility of the price of oil erupting with the recovery of the world economy and look forward to continuing to work with the Forbes organization."

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