Petris Technology Purchases Exclusive Rights To Hart's Oil and Gas Finance Sourcebook
Hart's Oil and Gas Finance Sourcebook is a great financial networking tool unique to the industry. The directory contains profiles of investors, property purchasers, financial institutions and consultants. By utilizing the advanced search feature, PetrisX Data Room tenants can develop queries based on these profiles and get lists and contact information for individuals and companies they think might be interested in their property or prospect.
Hart's Oil and Gas Finance Sourcebook allows independent producers to look for investors or partners. The main sections of the publication are dedicated to industry partners with capital to invest in drilling and exploration prospects and for reserve purchases. Companies can research the background of a company, their geographic area of interest, the criteria for deals in which they will invest, how much was spent in prior years, and full information on whom to contact at the company about deals.
In addition, the publication includes information on other investment sources including private capital providers, lending institutions, investment bankers, and alternative financiers. These profiles include preferred transaction size, investment structure and criteria, target exit time frames and investment history.
Hart's Vice President/Group Publisher-Finance and Power publications Bob Jarvis said, "We are very excited to have Petris publishing the Oil and Gas Finance Sourcebook over the Internet. This information has proven to be very valuable to our industry. With Petris' keen technology edge, using the PetrisX Internet Data Room, this book becomes the online handbook for oil and gas companies and individuals seeking to finance some of their activities."
Petris Technology's President Jim Pritchett said, "The rights to the Oil and Gas Finance Sourcebook are important to our strategy of enabling a 'community' of users in the PetrisX Internet Data Room. Easy access to this data is a real value to many of our Data Room tenants and will provide the catalyst for member collaboration and data sharing."
PetrisX, The Internet Data Room™, is the industry's only database driven, multi-media, fully functional "Virtual Data Room" on the Internet. It uses the highest security available to show potential investors all the critical data required to evaluate a drilling prospect or producing property.
Seismic, well log, production history, land, lease, legal, environmental, pipeline, cultural, and financial data can all be uploaded by a seller to a central server. Interested buyers can then download the information they wish to view, either browsing through minimal data sets on many prospects, or drilling into the depths of the data to evaluate a given property.
PetrisX can be accessed from the WINDS Energy Information Mall available at www.petris.com.
Houston-based Hart Publications, an operating division of Phillips Business Information, is a leading publisher of energy-related magazines, newsletters, database products and conferences, with major international operations in the United Kingdom and Norway. Phillips Business Information, Inc., based in Potomac, Maryland, is a subsidiary of Phillips International, Inc., a $300 million corporation, which offers a wide range of quality products and services for both consumer and business-to-business markets.
Petris Technology is a Houston-based software and services company focused on the data management needs of the energy industry. The company's primary lines of business include eBusiness, Software and IT/GIS Professional Services.