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Magazine - March 2002

For decades, the wide countryside north of the Dallas-Fort Worth metroplex concealed a sleeping giant of a gas field. The


FEATURES
CANADIAN COALBED METHANE

The Latin motto on Canada's coat of arms means "from sea to sea," and it aptly describes the development of ...

A REUNION OF GLOBAL AND SANTA FE

Some marriages are based on the chance encounters of opposites. But the recent pairing of offshore drillers Global Marine and ...

BATTLE FOR KING OF THE RING

I have 2,500. Do I hear 3,000? I have 3,000, now do I hear 3,500? The bidding is at 3,500. ...

TIME-OUT

"All this has happened before... and it will all happen again." So begins a popular children's novel, which also could ...

NEWSWELL
 
FROM THE EDITOR-IN-CHIEF
Our image vs. a new reality

Investing legend Warren Buffet supposedly once said that the only consistently profitable extractive industry is dentistry. That's a good proxy ...

COMPLETIONS
JUST-IN-TIME MERGING

The combination of Prize Energy Corp. and Magnum Hunter Resources Inc. nets Magnum some additional credit. Irving, Texas-based Magnum sits ...

TRENDS AND ANALYSIS
Playing "Survivor:" Low Costs and Strong Balance Sheets Needed

Oil and gas producers at times resemble harried, hungry contestants in the TV series "Survivor." Some are feeling the pinch ...

E&P MOMENTUM
LEASING & PERMITTING DATA

A review of 2000-01 data from federal and state lease sales in the Rocky Mountain region indicates the market for ...

EXPLORATION HIGHLIGHTS
NORTHEAST/SOUTHEAST

1 Operators drilling exploratory tests in Alabama's Escambia and Conecuh counties continue to be rewarded with high-flowing discoveries. IHS Energy ...

GULF COAST

1 Southwest Texas' Real County could get its first producing well, if completion work is successful at San Antonio independent ...

MIDCONTINENT & PERMIAN BASIN

1 An outpost to Herd Field in Comanche County, Kan., completed by Wichita-based Oil Producers Inc. of Kansas flowing 750 ...

WESTERN U.S.

1 El Paso Production Oil & Gas Corp. has completed two Cretaceous deeper-pool discoveries in Uintah County, Utah. IHS Energy ...

INTERNATIONAL HIGHLIGHTS

Apache Canada, Murphy Oil and Northstar Energy are currently drilling exploratory wells in the Ladyfern area of northeastern British Columbia. ...

NEW FINANCINGS
New Financings - Equity/Debt table

Equity Company Exchange / Symbol Headquarters Amount Comments Advantage Energy Income Fund. (Toronto: AVN) Calgary C$15.8 million Plans to sell 2 million trust units at C$7.90 each on a ...

COMPANY BRIEFS
EnCana to be largest North American indie

Calgary-based Alberta Energy Co. Ltd. (NYSE: AOG) and PanCanadian Energy Corp. (NYSE: PCX) plan to merge, forming EnCana Corp. with ...

Veba's assets will catapult Petro-Canada

Petro-Canada (NYSE: PCZ) plans to acquire international oil and gas operations of Veba Oil & Gas from BP Plc (NYSE: ...

Additional briefs...

• Coho Energy Inc., Dallas, and subsidiaries Coho Resources Inc. and Coho Oil & Gas Inc. have filed for Chapter ...

Canadian news...

• Atco Ltd., Calgary, has sold its gas properties at Viking-Kinsella, southeast of Edmonton, Alberta, for C$550 million to Burlington ...

International news...

• Petro-Canada plans to acquire international oil and gas operations of Veba Oil & Gas from BP Plc for C$3.2 ...

ON THE MONEY
REACHING OUT TO COMMUNITIES

No question, oil and gas exploration and production is heavy industry. When a company drills and produces wells in an ...

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