Released on: May 27, 2008, 2:59 pm

Press Release Author: Jacobs Energy

Industry: Energy

Press Release Summary: The Department of Energy recently petitioned the PTTC to
select 100 independents to advise the Government Accounting Office as to the
effectiveness of Oil and Gas Research & Development Programs. Jacobs Energy has been
chosen as one of only 100 companies to provide prospective on this matter.

Press Release Body: Jacobs Energy was recently selected by the Petroleum Technology
Transfer Council (PTTC) as a top 100 company to act as a consultant to the
Government Accounting Office (GAO) and the Department of Energy (DOE) to provide
valuable insight to the effectiveness of oil and gas research and development
programs. The PTTC is a national not-for-profit organization established in 1994 by
producers and state organizations. The PTTC was originally funded by the Department
of Energy. As stated on their website, "the connections achieved and technology
information transferred through PTTC's programs are reducing costs and increasing
recovery in existing mature fields, expanding recovery from unconventional
reservoirs, profitably developing ever-smaller domestic production and reserves, and
increasing environmental stewardship."(1)

Out of his commitment to the evolution of technology, Jeremy Jacobs, Founder and CEO
of Jacobs Energy, is a member of the Petroleum Technology Transfer Counsel (PTTC)
and was previously elected by fellow members to serve on the Producers Advisory
Group (PAG) of the PTTC. Regarding the recent Research and Development nomination,
Mr. Jeremy Jacobs says "It's an honor to be 1 of just 100 companies chosen to
consult for the GAO and DOE. It is demonstration to the value of our dedication to
technology and it's ever increasing role in the energy industry." Jacobs Energy has
been instrumental in the development of a series of new technologies that reduce and
/ or eliminate paraffin, scale and corrosion from oil wells, pipelines in the water
and petroleum industries, as well as any other types of fluid systems.

Jacobs Energy is a technology driven oil and gas producer and operator in the
Appalachian Basin. The company uses shale gas as a development tool to provide a low
risk approach to exploring for larger potential in additional zones. At one time
this approach was not cost effective enough to warrant exploration, but with
increasing energy prices and the use of these technologies, "wildcatting" is a thing
of the past, now it is more of a "manufacturing" process when it comes to exploring
Devonian - age shale. The application of modern technology and completion
techniques allows developers to "fracture" the shale to make production consistent
and economical from what conventionally was a low yielding zone if untreated. It is
now believed by many experts that unconventional reserves, such as shale gas, will
be America's key to becoming a more energy independent nation. According to Jeremy
Jacobs, "technology has taken the industry from a geological treasure hunt to an
engineering endeavor. It is no longer a question of where the oil and gas is, but
now how do we economically retrieve it?" As stated in the Energy Information
Administration's Impact of Unconventional Gas Technologies in the Annual Energy
Outlook 2000, "...cumulative production through 2020 is projected to be 11.4
trillion cubic feet higher in the technological progress case than in the no
technological progress case ..." (2)

The development of modern technologies has dramatically changed the energy
development business. Companies like Chesapeake (CHK), Devon Energy (DVN) and other
similar companies were born from the revolution of this type of shale development in
formations such as the Devonian-aged Ohio Shale, Chattanooga Shale, and the
Marcellus Shale present in the Appalachian Basin; Barnett Shale in the Barnett /
Fort Worth Basin; New Albany Shale in the Illinois Basin; Woodford Shale in
Oklahoma; and Fayetteville Shale in Arkansas. Jacobs Energy recognizes what the
true potential of utilizing advanced techniques in unconventional plays means for
our Nation's energy supply. Jacobs Energy looks forward to becoming an instrumental
part of future Research and Development projects to move forward with this
progression in technology and continue the quest to reduce our Nation's dependence
on foreign oil and natural gas. To learn more about Jacobs Energy, its energy
developments, and its dedication to the advancement of technology, you can contact
them or visit them on the web at www.jacobsenergy.com.

1) http://pttc.org/about.htm
2) http://www.eia.doe.gov/oiaf/analysispaper/unconventional_gas.html


Web Site: http://www.jacobsenergy.com

Contact Details: Jacobs Energy
(270) 975-4326
info@jacobsenergy.com