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Magazine - January 2000

When Apache Corp. issued 15 million common and half as many convertible preferred shares last spring to help pay for


FEATURES
HOW MOODY'S RATES

In 1909, John Moody introduced a simple grading system for U.S. railroad bonds that summarized their credit quality. He expressed ...

DOWN, BUT NOT KNOCKED OUT

While the majority of independents are increasingly pinning their hopes and fortunes on natural gas, a few companies remain heavily ...

ENHANCING ELK HILLS

In the largest divestiture of federal property in the nation's history, Occidental Petroleum purchased the federal government's 78% interest ...

IMMERSED IN DATA

One of the most entertaining and enjoyable developments to hit the oil and gas industry in the last two years ...

NEWSWELL
 
FROM THE EDITOR-IN-CHIEF
HOW 2000 IS SHAPING UP

Now that the millennium hype is past, what's ahead for the oil and gas industry? It's fair to say that ...

COMPLETIONS
CHEERS

Financial editor Nick Snow was in Boston to interview oil and gas industry financiers for this month's cover, when the ...

TRENDS AND ANALYSIS
Union Pacific Resources

The following recommendations-either positive or negative-are strictly the opinion of the analysts or brokerages noted, which may have an interest ...

E&P MOMENTUM
EXPLORATION HIGHLIGHTS
NORTHEAST/SOUTHEAST

1 Pioneer Oil Co., Lawrenceville, Ill., has added an oil producer to the Posey County, Ind., Spencer Consolidated Field, reports ...

GULF COAST

1 An Oligocene Vicksburg discovery, that flowed at a combined rate of 10.75 million cu. ft. of gas and 216 ...

MIDCONTINENT & PERMIAN BASIN

1 An oil discovery completed by Younger Energy Co., Wichita, in Lane County, Kan., made 75 bbl. per day on ...

WESTERN U.S.

1 Source Energy, San Diego, has set production pipe at the #1 SE Garrison City, a new wildcat in Section ...

INTERNATIONAL HIGHLIGHTS

Royal Dutch/Shell has agreed with Iran to invest $800 million to develop two Persian Gulf heavy-oil fields, Soroush and Nowruz. ...

NEW FINANCINGS
EQUITY

Seitel Inc. (NYSE: SEI), Houston, registered with the Securities and Exchange Commission to spin off its oil and gas exploration ...

DEBT

A commercial bank group, led by Bank of Montreal, approved an increase in the borrowing base for Vintage Petroleum Inc. ...

COMPANY BRIEFS
Mariner Energy IPO waiting to price

The $200-million initial public offering of Houston-based Mariner Energy LLC, which will trade on Nasdaq as MEGY, was still waiting ...

Plains Resources' bottom line hit by errant trading

Executives of Plains Resources Inc. and Plains All American Pipeline LP, both in Houston, had an unsettling Thanksgiving week, while ...

Additional briefs...

• BP Amoco Plc, London, is buying a significant part of Repsol-YPF's holding in Crescendo Resources LP, Amarillo, Texas, for ...

Appetites strong for Mitchell Energy assets

Plenty of bidders, including energy conglomerates and electric companies, will be lining up once Mitchell Energy & Development Corp. goes ...

Exxon Mobil downstream divestments become clear

Independent refiner-marketers are most likely to snap up domestic downstream properties that Exxon Mobil Corp. must divest as part of ...

ON THE MONEY
WHO WOULD HAVE THOUGHT?

A year ago, both mainstream and contrarian global oil and gas analysts served up bright to bleak visions of future ...

EDITORS COMMENT
HEADLINES
COMPANIES IN THIS ISSUE
Companies in this issue

3Tec Energy Corp. 80 A.G. Edwards & Sons Inc. 75, 79 A.G. Edwards & Sons Inc. 20 ABN-AMRO Bank 8 Adair International Oil &Gas Inc. 71, 83 Agip 70 Albrecht & Associates ...



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