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The new South Africa is a work in progress. While the country accounts for 40% of all industrial output on FEATURES
CREATING THE RIGHT BOARD
As commercial banks and Wall Street grew cautious about the oil and gas industry in the last few years, private ...
BRING OUT THE RIGS
In the Lower 48, trillions of cubic feet of natural gas in reservoirs at least 15,000 feet below the ground ...
THE TORTOISE AND THE OIL COMPANY
In its 20,000 square miles, roughly the land mass of South Louisiana, the Central American republic of Costa Rica boasts ...
LOOKING BACK, LOOKING FORWARD
Twenty years ago, Oil and Gas vestor made its debut as a magazine focused on the opportunities and decisions behind ...
EASIER MONEY
Worldwide exploration and production spending will climb another 19.7% in 2001 following a robust 18.5% increase in 2000, Salomon Smith ...
DEEP-POCKETS PARTNER
For decades, General Electric's slogan has been "We bring good things to life." And starting in 1994, one of its ... NEWSWELL
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FROM THE EDITOR-IN-CHIEF
CALIFORNIA CUISINE: HUMBLE PIE AND CROW
Be careful what you joke about, because it may come true. More years ago than I care to admit, during ... COMPLETIONS
A MAJOR ACQUISITION
Assorted events and some comments by the industry's analysts continue to suggest a nontraditional interest on the part of major ...
A GROWING GAS LEAK
Something is brewing south of the border, and it's gas-fired. Mexico's net import of U.S. natural gas is expected to ... TRENDS AND ANALYSIS
The Revenge of the Energy Sector
No recounts, please. Norwalk, Connecticut-based energy research firm John S. Herold Inc.'s group of 307 energy securities improved 48% at year-end ... E&P MOMENTUM
EXPLORATION HIGHLIGHTS
NORTHEAST/SOUTHEAST
1 A 5,200-ft. Ordovician Trenton deeper-pool wildcat has been staked by Pioneer Oil Co. Inc. near the abandoned Watson ...
GULF COAST
1 An Oligocene Frio discovery completed by United Oil & Minerals Inc. , Austin, in Brooks County, Texas, gave up ...
MIDCONTINENT & PERMIAN BASIN
1 Dunn Equities Operating Inc. , Wichita, is set to drill the #1-30 Ford County Land, a wildcat in Section ...
WESTERN U.S.
1 Berkley Petroleum Corp. , Calgary, has reached a final total depth of 18,011 ft. at the Berkley et al. ...
INTERNATIONAL HIGHLIGHTS
Angola should soon join the elite ranks of countries capable of producing a million barrels of oil per day. The ... NEW FINANCINGS
New Financings - Equity/Debt table
Equity Company Exchange / Symbol Headquarters Amount Comments Dominion Resources Inc. NYSE: D Richmond, Va. US$345 million Has sold 6 million ... COMPANY BRIEFS
Marathon buys Pennaco, thus coalbed methane
In a move that clearly raises its U.S. natural gas profile significantly, Marathon Oil Co. plans to buy Pennaco ...
Newfield adds gas to portfolio, with Lariat
Houston-based independent Newfield Exploration Co. plans to increase its natural gas portfolio with the $333-million acquisition of Tulsa's ...
Berkley cheif says Hunt bid inadequate
Berkley Petroleum Corp., Calgary, is looking for other suitors in defense against Dallas-based Hunt Oil Co. 's C$10-a-share bid for ...
Lasmo shareholders accept Eni counteroffer
U.S.-based Amerada Hess Corp. has refused to raise its offer for the U.K.'s Lasmo Plc , in response to ...
Additional briefs...
Cross Timbers Oil Co., Fort Worth, plans to acquire primarily gas-producing properties in Louisiana and East Texas from ...
Canadian briefs...
Canadian Natural Resources Ltd., Calgary, has disposed of certain Canadian noncore nonoperated properties consisting of low-interest nonoperated units ...
International briefs...
Noble Affiliates Inc., Houston, subsidiary EDC Europe Ltd. and Shell U.K. Ltd. have exchanged North Sea ... ON THE MONEY
Trendy Trusts
There's a new wave of investment fever going on in the Canadian oil patch these days. And it has to ... EDITORS COMMENT
HEADLINES
COMPANIES IN THIS ISSUE
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