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It's 3 a.m. Monday in Houston. John Smith, chief executive of a small-cap oil, is awakened by Sean Reilly, one FEATURES
INDONESIA
In August 1966, Indonesia signed the first production-sharing contract between a producing nation and a foreign operator, Houston independent Roy ...
FLUNKING OUT
We've all seen this movie before. The public is wincing as it tops off the tanks of millions of sport ...
ARCTIC DREAMS
Construction of a pipeline that brings Arctic natural gas production into the lower 48 states has tantalized-and frustrated-many companies for ...
$96 MILLION IN 45 DAYS
About a year ago, First Permian LLC was formed in Midland to acquire the Permian Basin assets of Fina Oil ...
CAPITAL FAIR
Finding the right private capital provider is like dating. Dating as much as possible before settling down is essential. A ... NEWSWELL
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FROM THE EDITOR-IN-CHIEF
WHAT ABOUT PEOPLE DEPLETION?
People are our biggest assets, or so executives, management gurus and headhunters keep insisting-so, why are we squandering them? Their ... COMPLETIONS
FROM ASIA TO THE ARCTIC TO THE PERMIAN BASIN
At times, good stories are obvious, and "Indonesia," this month's cover, is one. Editor Leslie Haines and photographer Lowell Georgia tell ... TRENDS AND ANALYSIS
Forest Oil Corp (NYSE-FST)
"We believe Forest Oil is well-positioned to generate accelerated reserve and production growth through its exploration activities in the highly ...
Purcell Energy Ltd. (TSE-PEL)
(Editor's note: All dollar amounts are Canadian. Recently, US$1 equaled C$1.45.) "We recommend to investors a Buy of Purcell Energy's shares ... E&P MOMENTUM
EXPLORATION HIGHLIGHTS
NORTHEAST/SOUTHEAST
1 Kentucky's Christian County is scheduled to get a Lower Devonian deeper-pool wildcat-the John F. Vogler #4 John Vogler in ...
GULF COAST
1 Production was reestablished on Mustang Island Block 883S when LLOG Exploration Offshore Inc., Metairie, La., completed the #1 (ST) ...
MIDCONTINENT & PERMIAN BASIN
1 An extension of a Snyderville (Oread/Shawnee) pool in Kansas' Medicine Lodge-Boggs Field has been finaled by Clark Exploration Co. ...
WESTERN U.S.
1 PYR Energy Corp., Denver, owner of a 10.575% working interest in the 19,724-ft. #1 Berkley East Lost Hills, an ...
INTERNATIONAL HIGHLIGHTS
In its second exploration bid round, the Brazilian government put 23 oil and gas concessions up for auction. An array ... NEW FINANCINGS
EQUITY
Oilfield-service company Osca Inc. (Nasdaq: OSCA), Lafayette, La., sold 5.7 million shares of common in an initial public offering for ...
DEBT
Devon Energy Corp. (Amex: DVN), Oklahoma City, priced a private placement of 20-year zero-coupon convertible debt at $464.13 per debenture ... COMPANY BRIEFS
Forest-Forcenergy combo to be at top-10 independent
Denver's Forest Oil Corp. and Metarie, La.-based Forcenergy Inc. will merge, forming one of the 10 largest U.S. independent producers. The ...
Chesapeake acquiring more natural gas, in Gothic deal
Chesapeake Energy Corp. is buying fellow Oklahoma City independent Gothic Energy Corp. for $345 million in stock and cash, creating ...
Husky Oil will be public after Renaissance merger
The C$4.4-billion merger of privately held Husky Oil Ltd. and Renaissance Energy Ltd. may turn out to be a good ...
Additional briefs
GRI and the Institute of Gas Technology have merged, forming Gas Technology Institute. GTI will continue to manage a ...
E-commerce briefs...
EnergyPrism.com has acquired EnergyStorehouse.com, an online market for used and surplus oil and gas equipment. EnergyPrism.com will incorporate the ...
International briefs...
Conoco Inc., Houston, is buying Saga UK Ltd. from Norsk Hydro ASA for US$540 million, gaining recoverable reserves of ... ON THE MONEY
CASH FLOWS IN SOUTH TEXAS
Operators targeting mature natural gas plays in South Texas have never enjoyed such high returns for their production. In the ... EDITORS COMMENT
HEADLINES
COMPANIES IN THIS ISSUE
Companies in This Issue
3Tec Energy Corp. 56 A2D Technologies 83 A.G. Edwards & Sons Inc. 10 Addison Energy 59 Agip Angola Exploration 71 Agip Petroleum Co. Inc. 65, ... |
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