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Five years ago, Freestone, Leon and Robertson counties were awash in land brokers, seismic crews and high hopes. People believed FEATURES
AN EARNINGS MACHINE
Steven R. Williams, president of Bridgeport, West Virginia-based Petroleum Development Corp., entered the public-drilling-fund business just as this investment strategy, ...
KNOW YOUR REG FD
In December 1999, the Securities and Exchange Commission proposed a new rule called Reg FD (Fair Disclosure). Its recent adoption ...
FOLLOWING THE MONEY
The last time energy stocks experienced a period of sterling performance like that of recent quarters was from 1996 to ...
STREET SQUEEZE
For anyone just coming back from a four-year stint on the Mir Space Station, Wall Street has shrunk. Specifically, its ...
MAKING A BIGGER SPLASH
The approximately $410-million, all-stock merger of Stone Energy Corp. (NYSE: SGY) and Basin Exploration Inc. (Nasdaq: BSNX) will bring together ...
SMALL COMPANIES, BIG PLANS
There are a whole lot of small fish swimming around the big pond known as the deepwater Gulf of Mexico, ... NEWSWELL
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FROM THE EDITOR-IN-CHIEF
MERRY, MERRY MERGER
This month the ability to treat corporate mergers as a tax-free pooling of interest expires, so there will be no ... COMPLETIONS
BOSSIER RUSH
Exploration editor Peggy Williams began researching activity in East Texas' Bossier play several months ago, as rumors of huge discoveries ... TRENDS AND ANALYSIS
3Tec Energy Corp. (NASDAQ-TTEN)
3Tec Energy Corp.'s current stock price does not accurately reflect the company's underlying asset value or its growth potential through ...
Noble Drilling Corp. (NYSE-NE
Noble Drilling provides an attractive play on domestic and international jackup and deepwater drilling markets, with near-term upside from potential ... E&P MOMENTUM
EXPLORATION HIGHLIGHTS
NORTHEAST/SOUTHEAST
1 Van Fossan Oil Corp., Collinsville, Ill., plans to evaluate Mississippian zones at the #1-V Gates, a new wildcat scheduled ...
GULF COAST
1 Exxon Mobil Corp. gauged a flow of 20.854 million cu. ft. of gas, 500 bbl. of condensate and 153 ...
MIDCONTINENT & PERMIAN BASIN
1 Kansas is scheduled to get a remote wildcat that's to be drilled by Lyons & Lyons Inc., Tulsa, in ...
WESTERN U.S.
1 Three remote wildcats, all scheduled to 3,500 ft., are set for Nevada. IHS Energy Group reports Connelly Exploration Inc., ...
INTERNATIONAL HIGHLIGHTS
Agip has apparently struck oil in the Barents Sea, offshore northern Norway. The Italian firm's 7122/7-1 exploratory well, on License ... NEW FINANCINGS
EQUITY
CMS Energy Corp. (NYSE: CMS), Dearborn, Mich., plans to make an initial public offering of up to 50% of its ...
DEBT
North Coast Energy Inc. (Nasdaq: NCEB) entered into a $125-million credit agreement with a group of four major energy lending ... COMPANY BRIEFS
Amerada Hess to gain Iranian, Libyan interests
With exploration and production already its primary income and growth engine, Amerada Hess Corp. (NYSE: AHC) made it even more ...
Vastar's Pierce heading Southern Energy financeSouthern Energy Inc.'s energy capital group is the smallest piece of the newly public independent power producer, energy marketer and risk-management com
Southern Energy Inc.'s energy capital group is the smallest piece of the newly public independent power producer, energy marketer and ...
Additional briefs
Stone Energy Corp., Lafayette, La., and Basin Exploration Inc., Denver, have agreed to merge in a tax-free, stock-for-stock deal ...
Canadian briefs...
Murphy Oil Corp., El Dorado, Ark., plans to acquire Beau Canada Exploration Ltd. for C$2.15 per Beau share and ...
E-commerce briefs...
Netherland, Sewell & Associates Inc. and Digital Divestment Corp. have allied to allow clients worldwide access to integrated digital ...
International briefs...
Ultra Petroleum, Denver, plans to acquire Houston-based Pendaries Petroleum Ltd., which owns participating interests in contract areas 04/36 (18.2%) ... ON THE MONEY
PERSISTENCE PAYS OFF IN CALIFORNIA
It's been a painfully slow process for the partners, but an immense natural gas field looks to be taking shape ... EDITORS COMMENT
HEADLINES
COMPANIES IN THIS ISSUE
Companies in This Issue
3Tec Energy Corp. 88 A.G. Edwards & Sons Inc. 59 A.G. Edwards & Sons Inc. 28 ABN Amro Securities 95 Agip Petroleum Co. 71, ... |