Chestnut Petroleum CEO & Founder Mark A. Plummer to Attend NGO&G Summit

DALLAS, Nov. 2, 2010 /PRNewswire/ -- Chestnut Petroleum & Chestnut Energy Partners CEO & Founder Mark A. Plummer will attend NGO&G Summit, a 3-day, by-invitation-only strategy session featuring fifty of the most senior Exploration and Production decision makers in the North America Oil and Gas market. The NGO&G Summit will be held November 3-5, 2010 at the Barton Creek Resort & Spa in Austin, TX.

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"The NGO&G Summit offers a great opportunity to talk with peers about strategic and technical challenges facing the industry," says Mark Plummer, a Registered Professional Engineer in the State of Texas and chief executive of Chestnut Petroleum, an independent owner-operator.  "We attribute much of our success to implementing new ideas or practices learned from attending conferences like the NGO&G Summit. We're looking forward to applying what we learn this year throughout our areas of operation."

The NGO&G Summit combines high-level roundtable discussions with technology solutions that address the most pressing challenges the industry faces. Program topics are set entirely by industry members. This year's topics include a focus on Health, Safety, and Management (HSM), Mergers & Acquisitions (M&A), and next generation exploration tools.

The Next Generation Oil and Gas group (NGO&G) is a consortium of 65 CEOs and senior Corporate Officers from small, mid, and large cap O&G producers who are active in their companies on a strategy level, but also have an eye for next generation technologies.

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