Petris Technology Appoints Former U.S. Department of the Interior Executive.

Business/Energy Editors & High-Tech Writers

HOUSTON--(BUSINESS WIRE)--Nov. 7, 2001

The appointment of Walt Rosenbusch as Vice President of e-Government for Petris Technology was announced today. Mr. Rosenbusch most recently served as Director of the Minerals Management Service at the U.S. Department of the Interior, where he was directly responsible for the management of federal mineral revenue and outer continental shelf (OCS) leasing and administration programs. He was also named the Department of Interior's official representative to the Interstate Oil and Gas Compact Commission in 2000.

Mr. Rosenbusch brings to Petris more than 20 years of public and private sector experience and expertise in all aspects of federal and state oil and gas upstream regulatory activities. Specific areas of expertise include federal and state public land management, federal and state regulatory accounting (tax and royalty), public law and policy development, administrative law, auditing, training and public sector consulting.

"Petris is very fortunate to bring someone on board with the impeccable reputation and industry stature of Walt Rosenbusch. His expertise in upstream regulatory issues, from leasing, exploration, development and production to revenue reporting on federal and state land, add unprecedented value to the services Petris brings to the marketplace," said Petris CEO Jim Pritchett.

A graduate of the University of Texas at Austin (BBA/Accounting), Mr. Rosenbusch also worked as Senior Tax Manager at Ernst & Young's Houston office, where he was practice leader for their Energy Service Team for state and local tax services planning. Other professional positions Walt has held include: Special Assistant to the Assistant Secretary for Land and Minerals Management at the U.S. Department of the Interior; Deputy Land Commissioner for Energy Resources, Division Director for Royalty Management and Compliance and Royalty Audit Manager at the Texas General Land Office, and Senior Tax Auditor for the Texas Comptroller.

Rosenbusch says, "My focus as Director of the Minerals Management Service was to promote 'best business practices' by encouraging the development and implementation of innovative practices and new technology. As Vice President of eGovernment at Petris Technology I will continue this focus by working with state, federal and local government as it relates to the oil & gas industry as well as with industry and its relationship with government to bring innovative software product solutions, as well as consulting services, to government and industry that will support data acquisition and data management for the technical end user and executive throughout the regulatory life cycle of a hydrocarbon asset."

Petris Technology is a software development and services company focused on the needs of the energy and natural resource industries. Formed in 1994, the company develops and markets software products and services that support the data acquisition and data management needs of the technical end user throughout the entire life cycle of a hydrocarbon asset. Petris is privately held and has experienced a 100% growth rate for the past four years. Petris' Internet address is http://www.petris.com/.

Visit http://www.petris.com/newsevents/news_release3.htm to download a headshot of W. Rosenbusch.