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Magazine - April 2001

1996 and 1997 were boom years for geophysical contractors in South Louisiana. Crews blanketed the parishes, particularly in the transition-zone


FEATURES
MAKING HAY WHILE THE SUN SHINES

Those in the know at Apache Corp. were certain that 2000 would be The Year of the Drill Bit. ...

NOT THE HOTEL CALIFORNIA

Deregulation hit Canada with a jolt in recent months after Alberta surged ahead with its program that many considered premature ...

PATCH CATCHES

Amid recent $30 oil and $5 gas, and the run-up in E&P share prices fueled by merger rumors, one would ...

ALL EYES LOOK EAST

The road toward the highly controversial Eastern Gulf of Mexico Lease Sale 181 has been a long one. During the ...

ELEPHANTS ON THE HUNT

Signaling faith that North American natural gas will be a hot commodity for years to come, Shell Oil Co. ...

A SENSE OF BALANCE

One of the freshest faces among public small-cap E&P companies is Denver independent Westport Resources Corp. Westport is hardly the ...

M&A 2001

If the active rig count measures the pulse of the oil and gas business, then the acquisition and divestiture market ...

NEWSWELL
 
FROM THE EDITOR-IN-CHIEF
Bad Timing, Again

Once again, some very unfortunate events will no doubt hurt this industry and may set back its aspirations for the ...

COMPLETIONS
AN EASTER ENERGY BASKET

The California electricity situation, more specifically its wriggling under the pressure of its light bills, is reminiscent of the survival-of-the-least-fit ...

TRENDS AND ANALYSIS
Time and money: Nasdaq v. the NYSE

While you and your investors are buying this stock and selling that one, with no care as to which exchange ...

E&P MOMENTUM
EXPLORATION HIGHLIGHTS
NORTHEAST/SOUTHEAST

1 Exploration in southern Illinois includes a wildcat being drilled by Carmi, Ill., independent George N. Mitchell Production Co. ...

GULF COAST

1 Mestena Inc. , Corpus Christi, tested 2.02 million cu. ft. of gas and 110 bbl. of condensate per day ...

MIDCONTINENT & PERMIAN BASIN

1 Jason Oil Co. , Russell, Kan., is drilling a Pennsylvanian Lansing-Kansas City wildcat at the #1 Walters in Cheyenne ...

WESTERN U.S.

1 Habanero Resources Inc. , Vancouver, says the drill pad is under construction at the newly permitted #3-26 Pale Rider, ...

INTERNATIONAL HIGHLIGHTS

The Canadian Maritimes have gained an onshore discovery and a new exploratory venture, reports consulting firm Canadian Discovery Ltd. of ...

NEW FINANCINGS
New Financings - Equity/Debt table

Equity Company Exchange / Symbol Headquarters Amount Comments CNOOC Ltd. (NYSE: CEO) Beijing $1.25 billion Has priced 81.1 million ADRs in ...

COMPANY BRIEFS
Amerada turn to North American gas

After losing a bid for the U.K.'s Lasmo Plc and its multinational oil assets, Amerada Hess Corp. (NYSE: ...

Additional briefs...

• Shell Oil Co., Houston, has bid $55 per share for Barrett Resources Corp., Denver, cash. (See "Elephants ...

Canadian briefs...

• TRC Capital Corp. has made an unsolicited tender offer to purchase up to 10 million Imperial Oil Ltd., Toronto, ...

E-commerce briefs...

• Accenture and Novistar Inc. plan to provide comprehensive accounting outsourcing services to the U.S. upstream energy market. Accenture ...

IN MEMORIAM

Omni Energy Services Corp. , Carencro, La., president and chief executive officer David Jeansonne and a passenger were killed Feb. ...

ON THE MONEY
WHO NEEDS EQUITY?

The talk among bulge-bracket marketmakers is that 2001 will be a robust year for equity-raising by the energy industry. But ...

EDITORS COMMENT
HEADLINES
COMPANIES IN THIS ISSUE


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