(April 18, 2008)

Contact: Rick DelaHaya, Centenary News Services, 318.869.5073

Oil & Gas Company Establishes Endowed Scholarship for Geology Students

SHREVEPORT, La. — In order to ensure that a high-quality education is available to future generations of geologists, St. Mary Land & Exploration Company officially established an endowed scholarship, Thursday, April 10, at Centenary College of Louisiana.

St. Mary representatives Jill Klein and Rhonda Vardeman joined College Vice President for Development Kathy Fell, Director of Capital Gifts Jennifer Pearson (Geology '97), Associate Professor of Geology Dr. David Bieler, and Lecturer of Geology Dr. Jeff Agnew in the geology department of Mickle Hall of Science to mark this historic occasion

The scholarship will be awarded by the Office of Financial Aid to current geology students identified by the geology faculty.

St. Mary Land & Exploration Company was founded in 1908, incorporated in 1915, and became a public company through an initial public offering of common stock in 1992. The stock trades on the New York Stock Exchange under the symbol SM. The company is headquartered in Denver, Colorado, and has regional offices throughout the United States including one in Shreveport, Louisiana.

St. Mary's primary objective is to invest in oil and gas producing assets that provide a superior return on equity while preserving underlying capital, resulting in a return on equity to stockholders that reflects capital appreciation as well as the payment of cash dividends. At year-end 2007, St. Mary's proved reserves totaled 1,086.5 billion cubic feet of gas equivalent with a reserve to production ratio of 10.1 years.

For more information regarding St. Mary, visit www.stmaryland.com.

About Centenary College of Louisiana

Centenary College is a private, four-year arts and sciences college affiliated with the United Methodist Church. Founded in 1825, it is the oldest chartered liberal arts college west of the Mississippi River and is accredited by the Southern Association of Colleges and Schools. Centenary is one of 16 colleges and universities constituting the Associated Colleges of the South and is regularly rated as one of the top colleges in the South. In 2008 Centenary College celebrates 100 years in Shreveport and Bossier City.

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