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During his 45 years in the oil patch, William J. (Bill) Barrett has managed to put a new spin on FEATURES
WHERE ART THOU MEZZANINE FINANCIER?
Now come darker days for oil and gas mezzanine finance, with the closing of Shell Capital Inc. The shuttering follows ...
DATA IN, PROFITS OUT
Many energy investors are disappointed when stock prices fall. These would be investors who bought at a peak. Craig Callahan ...
THE NEW FACE OF CREDIT
Sure, commodity prices have rebounded since last fall. And the acquisition-and-divestiture market is beginning to heat up. And yes, in ...
DEATH TO DEATH STAR?
Producers and California Democrats are certainly unlikely allies, but it appears they may have found common ground when it comes ...
THE COST OF FUTURE GROWTH
With the winds of last year's merger-and-acquisition gale still swirling through the streets of downtown Calgary, few will not ask ...
LADYFERN
Ladyfern wells are so mighty that the ground rumbles when they are tested. Their rates are phenomenal-a lone well can ... NEWSWELL
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FROM THE EDITOR-IN-CHIEF
TIME TO GET OUR ACT TOGETHER
A year ago at this time, Houston was hit, and hard, by a100-year flood. Some 36 inches of rain fell ... COMPLETIONS
DEAR IGNORANCE, WE ARE BLISSFUL
An otherwise learned young dot-com executive (there are still a few out there) told me recently that he was glad ... TRENDS AND ANALYSIS
Mezzanine capital flows appear to be changing
There is a song lyric, "When life looks like easy street, there's danger at your door." This certainly applied to ... E&P MOMENTUM
EXPLORATION HIGHLIGHTS
NORTHEAST/SOUTHEAST
1 Savoy Energy LP and Savoy Exploration Inc., Traverse City, Mich., have announced a new-field opener completed in Grand Traverse ...
GULF COAST
1 Vastar Resources Inc., Houston, has made a Hidalgo County, Texas, shallower-pool discovery in the Santa Ana Field area that ...
MIDCONTINENT & PERMIAN BASIN
1 A wildcat completed by Raymond Oil Co. Inc., Wichita, in Barber County, Kan., had an initial flow gauge of ...
WESTERN U.S.
1 Nevada's Pine Valley has a new producer completed by two Texas companies pumping 254 bbl. of oil and 16 ...
INTERNATIONAL HIGHLIGHTS
A number of significant exploration wells were drilled in the Northwest Territories this winter, reports Calgary-based consulting firm Canadian Discovery ... NEW FINANCINGS
New Financings - Equity/Debt table
Equity Company Exchange / Symbol Headquarters Amount Comments Spinnaker Exploration Co. (NYSE: SKE) Houston US$207.5 million Plans to issue 5 million shares of its common stock at US$41.50 each. ... COMPANY BRIEFS
Service companies finding tax relief offshore
Several oil-service companies' efforts to reduce their tax liabilities may be for naught if Congress closes the loophole through which ...
Additional briefs...
Devon Energy Corp., Oklahoma City, plans to sell properties in the U.S. and Canada for $953 million. According to ...
Canadian news...
APF Energy Trust, Calgary, plans to acquire a private company and its joint-venture partner's assets for approximately C$57 ...
Capital providers
BlackRock Energy Capital Ltd., Houston, has been formed to provide capital of less than $5 million for acquisitions, monetizations ...
International news...
EEX Corp., Houston, sold its Indonesian assets to PT Medco Energi International for $26.3 million in cash. EEX sold ... ON THE MONEY
MARKET MOODS
As we noted in the recent cover story, "Northeast Buyside," the value players among institutional investors were out in force ... EDITORS COMMENT
HEADLINES
COMPANIES IN THIS ISSUE
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