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PennWell buys Petroleum Network Education Conferences

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Tulsa, Okla.—Media company PennWell Corp. has acquired Petroleum Network Education Conferences from Philip C. Crouse & Associates. Financial terms of the deal were not disclosed. PNEC is an annual conference and exhibition covering data integration, information and management in the global oil and gas industry. Cindy R. Crouse, PNEC's former owner, will work with PennWell's Oil & Gas Journal and Offshore as a consultant developing future PNEC conferences.
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