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Magazine - January 2002

A year ago, 100% employee-owned ATP Oil & Gas Corp., Houston, was preparing to sell 7.5 million shares in an


FEATURES
FLAT PRODUCTION, OR MORE?

With a softening of the U.S. market for natural gas, many in the business are wondering if plans for increased ...

NORWAY

Norway ranks as the No. 1 place to live in the world, according to the U.N. Human Development Report. Norwegians ...

MAKING MORE OF PUDS

The tremendous price spikes in electricity and gas spikes of the last two years demonstrated both the desirability of flexibility ...

SPIRIT TO TAKE ON THE WORLD

In the words of Xiang Yu, a 19th-century Chinese poet, the emerging majors have "strength to lift mountains and spirit ...

WHICH WAY TO MARKET?

Recession is a reality. So are low commodity prices and less-than-robust oil and gas stock valuations. In such an environment, ...

VALUING STOCKS IN VOLATILE TIMES

Value is a fleeting concept, whether it involves owning a blue-chip in the Dow Jones Industrial Average, a high-profile technology ...

SYNTHETIC EXXONMOBIL

Are you a disciple of the value-investing gurus Benjamin Graham and Warren Buffett? Have you observed that investors often become ...

INVESTING ON THE HUBBERT CURVE

The noted geophysicist M. King Hubbert (1903-1989) was the first man to effectively apply principles of geology, physics and mathematics ...

NEWSWELL
 
FROM THE EDITOR-IN-CHIEF
All the king's horses, all the king's men

Maybe we should have seen this coming-after all, no company is that good. And nothing goes up forever. Nothing. Since ...

COMPLETIONS
Pardon me, would you waive my tax penalties?

El Paso Corp. is hoping to fast-forward some huge E&P asset divestments, in advance of the expiration of pooling-of-interests rules. ...

TRENDS AND ANALYSIS
A Major E&P Capital Provider, Enron Is Busy With Its Own Finances

The decline of Enron Corp. (NYSE: ENE) is a loss-temporarily or permanently-of a major source of capital to the E&P ...

E&P MOMENTUM
EXPLORATION HIGHLIGHTS
NORTHEAST/SOUTHEAST

1 Howard Energy Corp., Mount Carmel, Ill., is preparing to drill to 7,000 ft. in Cambrian at the #1 Shaglee ...

GULF COAST

1 The neighboring counties of Starr and Jim Hogg in South Texas each has a new discovery completed by Dominion ...

MIDCONTINENT & PERMIAN BASIN

1 New exploration in Kansas includes three tests where drilling is under way, reports IHS Energy Group. In Stevens County, ...

WESTERN U.S.

1 First Goldwater Resources Inc., Vancouver, reports a Fresno County, Calif., exploratory well in which it has an 8% working ...

INTERNATIONAL HIGHLIGHTS

Activity has been robust offshore Nova Scotia. At press time, PanCanadian Petroleum Ltd. was drilling ahead at its Southampton A-25, ...

NEW FINANCINGS
Equity/Debt Table

Equity Company Exchange / Symbol Headquarters Amount Comments Duke Energy Corp. (NYSE: DUK) Charlotte, N.C. US$750 million Publicly offered equity ...

COMPANY BRIEFS
ConocoPhillips will be the newest supermajor

The combination of Conoco Inc. (NYSE: COC) and Phillips Petroleum Co. (NYSE: P), to be called Conoco Phillips, will be ...

PGS, Veritas will make No. 2 seismic firm

The $3.5-billion merger of Petroleum Geo-Services ASA (NYSE: PGO) and Veritas DGC Inc. (NYSE: VTS) will create the second-largest geophysical ...

Additional briefs...

• El Paso Corp., Houston, will sell approximately $2.25 billion in assets in 2002 as part of a plan to ...

Canadian news...

• Ultima Energy Trust, Calgary, will acquire two oil-producing properties and associated facilities in central Alberta, with an average working ...

International news...

• EuroGas Inc., Vienna, Austria, has acquired a 58.5% interest in Medusa Oil & Gas, a subsidiary of Ramco Energy ...

ON THE MONEY
North Sea Zenith

Oil production from the North Sea has reached its pinnacle, and the entire region is changing, contends Roger D. Read, ...

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