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Magazine - July 2001

Alaska's North Slope has been in flux during the past few years. Long-established firms have morphed into new forms, and


FEATURES
XTO ENERGY

XTO Energy made its formal debut June 1 as the new corporate moniker for Cross Timbers Oil Co. No new ...

LOOKING FOR A BILLION BARRELS?

It may be conventional wisdom to assume that outstanding oil and gas discoveries can no longer be made anywhere except ...

MEET CALPINE

Armed with the lofty ambition of "Repowering America," Calpine Corp. of San Jose, California, aims to become the nation's largest ...

TESTING TIME

Oilfield service and supply firms have been claiming some of the public-equity pie for themselves, in their initial public offerings ...

SPECIAL DELIVERY

Knowing a little about a lot can take an investor a long way. But knowing a lot about a little ...

GENERATING RETURNS

It is difficult to imagine a less controversial corporate goal than shareholder wealth creation. Nearly all public companies pay at ...

NEWSWELL
 
FROM THE EDITOR-IN-CHIEF
A FLOOD OF DEALS, DEBATES, DOGMA

In Houston, the energy capital of the world, it's common sport to pontificate, with a somewhat superior eye, on gasoline ...

COMPLETIONS
LNG REVISITED

Three years ago, liquefied natural gas turned up in a conversation concerning how Anadarko Petroleum Corp. ended up exploring for ...

TRENDS AND ANALYSIS
Producers Revise Their E&P Spending Plans-Upward

The world's oil and gas producers are increasing their 2001 capital budgets beyond the healthy gains they established in December ...

E&P MOMENTUM
EXPLORATION HIGHLIGHTS
NORTHEAST/SOUTHEAST

1 State Oil Properties Inc., Newton, Ill., plans to evaluate Silurian at a new wildcat staked in Cumberland County, Ill., ...

GULF COAST

1 A remote wildcat, the #2 San Ambrosia, drilled by Lewis Petroleum Properties Inc. in Webb County, Texas, has been ...

MIDCONTINENT & PERMIAN BASIN

1 John O. Farmer Inc., Russell, Kan., is drilling another wildcat in the company's ongoing southwestern Kansas drilling program. The ...

WESTERN U.S.

1 An extended flow test of a 15-ft. perforated interval in Winters at Woodland, Calif., independent Production Specialties Co.'s #3-26 ...

INTERNATIONAL HIGHLIGHTS

Exploration in New Zealand's Taranaki Basin is hopping, and U.S. firms are in the thick of the action. Houston independent ...

NEW FINANCINGS
New Financings - Equity/Debt table

Equity Company Exchange / Symbol Headquarters Amount Comments Statoil ASA NA Oslo, Norway US$3.8 billion The Norwegian government has set June 18 as the target date for listing Statoil ...

COMPANY BRIEFS
Westport-Belco combination creates Top 20 independent

Denver's Westport Resources Corp. (NYSE: WRC) will vault into the ranks of the nation's 20 largest independent producers when it ...

Kerr-McGee to diversify portfolio with HS purchase

Oklahoma City-based Kerr-McGee Corp.'s (NYSE: KMG) purchase of Rockies gas producer HS Resources Inc. (NYSE: HSE) will boost its portfolio ...

Conoco Inc. has made a decisive move to expand its upstream portfolio

Conoco Inc. (NYSE: COCA) has made a decisive move to expand its upstream portfolio with a C$9.8-billion (US$6.3-billion) purchase of ...

Pride International Inc. and Marine Drilling Cos. Inc. will merge

Pride International Inc. (NYSE: PDE) and Marine Drilling Cos. Inc. (NYSE: MRL) will merge in an all-stock transaction that would ...

Additional Briefs

• Continental Resources Inc., Enid, Okla., plans to acquire the assets of privately owned Farrar Oil Co., Mt. Vernon, Ill. ...

International News

• Baytex Energy Ltd., Calgary, has increased its offer to acquire Triumph Energy Corp., Calgary, from C$3.70 to C$4.17 per ...

ON THE MONEY
WHERE, OH WHERE WILL THE GAS LINE GO?

Alaska's North Slope bursts with tremendous stores of natural gas. The amount is prodigious: North Slope fields contain about 35 ...

EDITORS COMMENT
HEADLINES
COMPANIES IN THIS ISSUE
Companies in This Issue

A.G Edwards & Sons 27, 95 Agip 83 Alberta Energy 39 Amerada Hess 11, 71, 83 Amoco 64 Anadarko Petroleum Corp. 4 Anadarko Petroleum Corp. 9, 16, 35, 65, 68, 76, 84, ...



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