PennWell Corporation

PennWell Corporation is a publishing company specializing in educational literature for the petroleum and energy sectors, providing resources for professionals and students alike through various print and digital formats. Established in 1910 and headquartered in Tulsa, US, PennWell Corporation focuses on publishing technical literature. The firm was the target of acquisition by Endeavor Business Media, LLC in February 2019, a deal supporting its strategic expansion. Mark Wilmoth serves as the CEO.

PennWell Books publishes a wide array of literature pertaining to petroleum and energy, catering to both technical and non-technical audiences. Their products cover topics such as renewable energy, petroleum engineering, and energy trading, aiming to meet the educational needs of professionals including engineers and geologists primarily in North America, Europe, and emerging markets in Asia and South America. PennWell Books generates revenue primarily through direct sales of publications via an e-commerce platform, where customers can purchase individual titles or eBooks. The company also engages in partnerships with educational institutions and corporations for bulk orders.

Key titles, such as the "SPE Petroleum Engineering Handbook" and "Fundamentals of Oil & Gas Accounting," are positioned as premium offerings within their catalog. Following its acquisition in February 2019, PennWell Corporation plans to leverage its new ownership structure to introduce innovative product offerings targeted at professionals in the energy sector. The company aims to expand its reach into emerging markets, particularly in Asia and South America, by 2025. Recent funding from the acquisition will support these initiatives, enhancing product development and expanding marketing efforts in these new geographical areas.