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Magazine - September 2001

Gather round, leaders of the energy industry: it's time for a group hug. It's no secret that manpower shortages throughout


FEATURES
LNG AGAIN

Ask anyone in the industry what the United States needs to quench its infamous thirst for natural gas, and increased ...

THE HARDER STUFF

Far too many mergers and major acquisitions have underperformed in building shareholder value, despite the lofty goals with which executives ...

PANCANADIAN FLIES FROM THE NEST

PanCanadian Petroleum Ltd. has near-legendary origins, but the company's challenge now is to ensure that its future is as storied ...

TRENTON-BLACK RIVER

Vineyards entwine the gentle, rolling hillsides of New York's Finger Lakes region. Dairy cattle graze in the lush summer pastures, ...

COMPRESSION TO THE RACES

Natural gas-compression service and rental companies have been very busy this year, muscling up through public offerings and mergers and ...

TO SPEAK OR NOT TO SPEAK

Although much has been said about it, the new Regulation FD (Fair Disclosure) does not materially change the rules of ...

SMARTER SPENDING?

Strong commodity prices and higher revenues led upstream companies to double their capital spending last year in North America. But ...

NEWSWELL
 
FROM THE EDITOR-IN-CHIEF
DANGER: OPPORTUNITY AHEAD

To practiced observers, a number of trends this past summer point the way to enhanced natural gas prices in the ...

COMPLETIONS
WHERE'S THE CASH?

When Victor Burk told energy-industry journalists in Houston that the world's largest publicly traded oil and gas companies spent substantially ...

TRENDS AND ANALYSIS
ABN Amro Expands Its Energy Team

Now that ABN Amro, the Dutch banking conglomerate, has acquired the experienced upstream energy team of ING Bank in Houston ...

E&P MOMENTUM
EXPLORATION HIGHLIGHTS
NORTHEAST/SOUTHEAST

1 A Mississippian wildcat has been scheduled by Cliff D. Price Oil & Gas Properties, Longview, Texas, at the #36-1 ...

GULF COAST

1 Pennsylvanian Canyon, perforated between 12,722-12,806 ft., is the producing formation at a Val Verde County, Texas, discovery completed by ...

MIDCONTINENT & PERMIAN BASIN

1 Comanche Resources Co. has staked a 5,300-ft. Mississippian wildcat in Comanche County, Kan., reports IHS Energy Group. The #5-1 ...

WESTERN U.S.

1 Independent Jordan Exploration Co., Traverse City, Mich., has permitted three 3,000-ft. wildcats in northwestern Washington, reports IHS Energy Group. ...

INTERNATIONAL HIGHLIGHTS

Even very mature basins can still hide pleasant surprises. Calgary-based explorer PanCanadian Petroleum Ltd. says its Buzzard find, 100 kilometers ...

NEW FINANCINGS
New Financings - Equity/Debt table

Equity Company Exchange / Symbol Headquarters Amount Comments Exco Resources Inc. (Nasdaq: EXCO) Dallas US$105.1 million Sold 5 million 5% convertible ...

COMPANY BRIEFS
Tubular-goods suppliers see boom from drilling

Oil-country tubular-goods suppliers clearly benefited as domestic drilling accelerated during the second quarter. Lone Star Technologies Inc., Maverick Tube Corp. ...

U.S. briefs. . .

• Calpine Corp., San Jose, Calif., is acquiring 236 billion cu. ft. equivalent of proved gas reserves from The Bayless ...

Canadian briefs...

• Petrobank Energy Resources Ltd., Calgary, and Ventus Energy Ltd. have merged. Ventus shareholders may receive C$9.75 per share up ...

International briefs...

• ATP Oil & Gas Corp., Houston, has acquired undeveloped reserves in the Southern Gas Basin of the U.K. North ...

Service & Supply briefs...

• Universal Compression Holdings Inc., Houston, has purchased KCI Inc., Tulsa, Okla., for approximately $26.3 million in cash and 694,927 ...

Appointments...

• David B. Miller has joined the board of Denbury Resources Inc., Dallas, increasing Denbury's board to nine members. Miller ...

ON THE MONEY
APPALACHIAN SENSATION

After more than a century of activity, it's quite astonishing that a basin as thoroughly drilled as the Appalachian can ...

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