Penneco Investing in America's Future

1
Investing in Americas Future

• Presented by Penneco Oil Company

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What Does Penneco Do?

• Penneco invests in the nations future by
  providing Americans with the crude oil and
  natural gas on which our modern society depends.
• By drilling for and producing oil and gas,
  Penneco is investing in local landowners,
  businesses, communities and our children.

3
Why Drill?

• We Need Oil Gas
• The U.S. consumed 6.87 billion barrels of oil
  and24.38 trillion cubic feet of natural gas in
  2011.
• Oil and gas are used for thousands of items other
  than fueling our vehicles and heating our homes.
• Pesticides, ballet tights, shoes, earrings,
  telephones, computers, footballs, headphones,
  aspirin, lipstick and more!
• Without investment in oil and gas, our society
  could not function.

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Drilling 101

• Producers such as Penneco invest in the latest
  technologies and practices to safely find and
  bring crude oil and natural gas from sandstone
  and shale formations that are sometimes thousands
  of feet below the surface.
• The drilling and completionprocess can last up
  to sixmonths depending on thetype of well.
  Afterward, thesite is reclaimed and only asmall
  amount of productionequipment remains to
  bringoil or gas to the surface formany years.

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Shale and Horizontal Drilling

• Shale formations such as the Marcellus, the Utica
  and the Bakken promise to make America
  energy-independent within a decade or two.
• Producing oil and gas from these formations
  requires a larger investment, but Penneco and its
  energy industry partners understand the
  importance of shale to our nation and are readily
  meeting the challenge.

6
Investing Forward

• Penneco believes that investments in domestically
  produced oil and gas provide a path forward for a
  revitalization of Americas economy and a secure
  future for our nation.

7
Contact Us

• Our Website www.penneco.com