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August 2008

­Horizontal drilling in North Dakota’s enormous Bakken resource play is yielding astonishing volumes of oil.


FEATURES
Texas Chalk Talk

Brookeland and Giddings fields are back in the news, as superior commodity prices have revived interest in the Gulf Coast’s polemical Austin Chalk reservoir.

M&A Caution In Canada

Canadian players are proceeding with care as negative drivers litter the M&A roadway.

Stranded Onshore U.S. Shale Gas

As more production flows from unconventional shale plays to the Southeast/Gulf region, this analyst anticipates bottlenecks and lower prices.

Heard At the Conference
Angels And SPACs

Angel funding, the SPAC and other capital sources have pros and cons. Here are some.

The Bakken

­Horizontal drilling in North Dakota’s enormous Bakken resource play is yielding astonishing volumes of oil.

Mezz In Cedar Creek

When Spyglass Cedar Creek needed capital for new gathering lines and drilling in an under-drilled South Dakota anticline, mezzanine capital filled the bill.

EnCap, After All These Years

EnCap Investments celebrates its 20th anniversary this year, having funded 158 start-up and early-stage energy companies, and helping to create the energy private-equity model along the way.

International Gulf Of Mexico

A wave of foreign investors has washed over U.S. acquirers in the competition for Gulf of Mexico assets.

Land Rigs Gain Traction

Between high commodity prices and the boom in shale plays, the U.S. land-rig count has soared to a 20-year high. Shortages and higher dayrates are coming soon.

Choosing A Back-Office Vendor

From software-license ownership to ease-of-use for report making, here are seven critical questions when interviewing potential back-office outsourcing providers.

U.S. Royalty Trusts

There are new oil and gas royalty trusts in the U.S. Here’s what they are, what they aren’t, and when they can be good for both producers and investors.

Southeastern New Mexico

Southeastern New Mexico is an important source of energy for the U.S., but E&Ps contend with onerous environmental restrictions and compete with the potash industry.

The New SEC Reserve Rules

If SEC proposals are adopted as expected, E&P companies will be able to report their reserves differently in 2009.

Urban Drilling

Drilling for gas right next to a major university takes extra time and planning, but is well worth the effort, says Carrizo Oil & Gas.

Transforming XTO Energy

Seizing a “moment in time,” XTO Energy fervently stockpiles assets while the acquisition iron is hot. 

NEWSWELL
SPECIAL REPORTS
Special Reports
 
FROM THE EDITOR-IN-CHIEF
Some Light Summer Reading

At press time, the summer caps of shale players Newfield, Petrohawk and Range had each surpassed that of General Motors.

COMPLETIONS
Major Oil, Meet Shale

Three majors plan to buy into North American unconventional-gas plays. What’s next?

TRENDS & ANALYSIS
Infinite Supply/Finite Demand

As oil prices continue to rise, so does uncertainty, says S&P’s chief economist.

CAPITAL MARKETS
The VPP: A Port In A Storm

The tempest developing in commodity and credit markets presents a midsummer nightmare for oilmen seeking shelter.

M&A TRENDS
Regional Spotlight: Gulf Coast
EVENTS
See our events here
E&P MOMENTUM
Mancos Shale Anticipation

Utah’s Mancos shale gets strong attention from Uinta Basin operators.

EXPLORATION HIGHLIGHTS
Eastern U.S.
Western US
Midcontinent & Permian Basin
Gulf Coast - July 2008
International
NEW FINANCINGS
See recent financings
COMPANY BRIEFS
Concho acquires Henry for $560MM
Chesapeake Energy, Plains in $3.3B Haynesville venture
Quicksilver buys Barnett properties in $1.3B deal
XTO Energy buys Bakken from Headington for $1B
Oxy, SandRidge to invest $1.1B in TX CO2 plant
Keystone pipe to take 500K bbl. to Gulf Coast
Additional News Briefs
M&A Briefs
In Memoriam
TECHNOLOGY REPORT
Greening CBM Wastewater

Strychnos potatorum seeds found in India can purify water produced from CBM wells.

BRIGHT SPOTS
Meet Mike Windisch

NGAS Resources CFO Mike Windisch has helped lead the E&P’s staggering growth.

Meet Mike Windisch

NGAS Resources CFO Mike Windisch has helped lead the E&P’s staggering growth.

LEGENDS
Chatting With The Legends

Gene Ames shares about his oil-rich family history, politics and more.

AT CLOSING
Upstream MLPs: Time To Buy

This may be the time to jump back into MLPs, particularly upstream MLPs.