No need to go all the way down to the well for your oil and gas
info. PennWell publishes more than 130 print and online magazines
and newsletters, including business-to-business titles Oil
& Gas Journal, Dental Economics , and Hydro
Review . It also conducts 60 conferences and events; publishes
websites, books, maps, and directories; and offers research and
database services. While its core industry remains oil and gas,
PennWell also covers electronics, fire services, aerospace and
defense, technology, and dental. The firm was founded as the
Petroleum Publishing Company in 1910 when P.C. Boyle purchased
The Oil Investor's Journal (later renamed Oil &
Gas Journal ).
PennWell has been headquartered in Tulsa, Oklahoma, since its
founding. The company maintains additional US offices in (Nashua)
New Hampshire, (Houston) Texas, (San Diego and Mountain View)
California, and (Fairlawn) New Jersey. Internationally, PennWell
has offices in London, Moscow, and Hong Kong.
Sales and Marketing
While PennWell is not a household name, the publisher's titles
are well-known among the business sectors it covers. Through its
global events, PennWell reaches more than 135,000 petroleum
professionals across 75 countries. This extended reach is unique in
the international petroleum market.
The company has used strategic partnerships as a way to grow its
business and expand its footprint. PennWell will also use its cash
on hand to acquire complementary businesses.
Mergers and Acquisitions
During fiscal 2014 PennWell acquired a 51% interest in Revo
Media Partners Limited, owner of LuxLive, the UK's largest
dedicated lighting event, and Lux Magazine and Lux Review, the
leading trade publications in the energy efficiency lighting space.
The deal with Revo Media moved along PennWell's expansion plans for
serving all segments of the LED and lighting industries.