SOURCE: Penneco Oil Company

Penneco Oil Company

November 21, 2013 16:13 ET

Penneco Announces Scholarship Program: Penneco Invests in the Future of Energy

DELMON, PA--(Marketwired - Nov 21, 2013) - Penneco Oil Company announced its new scholarship program today, Penneco Invests in the Future of Energy, which will award a total of $4,000 in scholarships to two college students majoring in geology, mechanical engineering, chemical engineering, petroleum engineering, or petroleum geology at a four-year university. Penneco will award scholarships to two future problem solvers who are passionate about America's energy future.

"Oil and gas companies across our nation are faced with an unusual situation -- there is a real shortage of technical employees," said Ben Wallace, Chief Operating Officer of Penneco Oil Company Inc. "Penneco has made a commitment to develop the next generation's talent for our industry."

Penneco takes pride in reducing the nation's dependence on foreign energy through enhanced development of domestic sources. The company is looking to America's future for innovation in the oil and gas exploration field. Students must complete an essay as part of the scholarship application. Penneco is excited to hear what students think of the energy future in the United States as well as what great innovations and ideas are ahead.

Students may apply for the Future of Energy Scholarship by downloading the application online and mailing in the completed application, essay, and transcript to the address found on the application page. Scholarship application materials must be postmarked no later than January 21, 2014, in order to be considered for the 2014-2015 academic year scholarship.

About Penneco

Penneco has made substantial investments in domestic crude oil and natural gas production and exploration in the U.S. for the past 34 years, owning interests in more than 1,200 oil and gas wells. Penneco strongly believes America can achieve energy independence through the development of domestic natural gas and crude oil resources. The company is committed not only to investing in America's energy future, but also in the communities where it operates.