PennWell acquires Oil & Gas Pipeline Conference
Tulsa, Okla.—PennWell Corp. has acquired the Oil & Gas Pipeline Conference from Willbros Engineers. Financial terms of the deal were not disclosed.
Willbros Engineers had partnered with the Geospatial Information & Technology Association to produce the 2012 annual conference and exhibition, and PennWell has entered into an agreement with GITA to take over that partnership for this year and beyond.
Financial terms of the agreements with Willbros and GITA were not disclosed.
Robert F. Biolchini, president-CEO of PennWell, said in a news release: “The pipeline and transportation sectors of the industry are experiencing phenomenal growth due to the resurgence of exploration and drilling in North America, and we intend to leverage PennWell's publishing assets and [the] event expertise of our editorial staff of the Oil & Gas Journal, Offshore and Oil & Gas Financial Journal in a close collaboration with GITA to expand the conference and preserve the standard of quality in conference content established by GITA over the last 21 years.”