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In the alphabet soup of chemistry shorthand, learning about GTL may now be just as important to the industry as FEATURES
PLANTING HOPEFULNESS
The saga of the company formerly known as Benton Oil and Gas reflects a fate not uncommon among small-cap U.S. ...
DEEPER ROOTS
Thirteen years ago, Newfield Exploration Co. was formed as an offshore producer with a Gulf of Mexico focus. The Houston ...
MICROSEISMIC MONITORING
Hydraulic fracturing is ubiquitous throughout the domestic oil and gas industry: more than 1 million wells have been fracture-stimulated in ...
TRADING IN
Compared with the torrent of scandal-related press releases issued by energy merchants this year, Aquila Inc.'s May 31 announcement was ...
CAPITOL AND LOTS OF IT
It is not uncommon for E&P executives to raise capital from private sources more than once, to start new companies. ... NEWSWELL
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FROM THE EDITOR-IN-CHIEF
PEELING THE ONION
Two days after Andersen was convicted of destroying Enron-related documents and obstructing justice, we marked the 30th anniversary of the ... COMPLETIONS
SOWING CAPITAL SEEDS
A new crop of start-up exploration and production companies is being planted, with the help of some big money. Legend ... TRENDS AND ANALYSIS
Latest E&P spending projections show industry caution
Through the first half of this year, even as oil and gas prices stayed above $24 per barrel and $3 ... E&P MOMENTUM
EXPLORATION HIGHLIGHTS
INTERNATIONAL HIGHLIGHTS
The U.K. plans to introduce a 10% tax on profits from North Sea oil and gas production. This is a ...
NORTHEAST/SOUTHEAST
1 A Devonian wildcat has been staked in north-central Michigan by Greenville-based Trendwell Energy Corp., reports IHS Energy Group. The ...
GULF COAST
1 Ballard Exploration Co. is enjoying excellent success in its Liberty County, Texas, drilling program targeting the Eocene Cook Mountain, ...
MIDCONTINENT & PERMIAN BASIN
1 A remote region of western Kansas is the site an Oxy USA exploratory program, reports IHS Energy Group. The ...
WESTERN U.S.
1 Calgary junior Tartan Energy Inc. plans a 170-well development drilling program targeting shallow Pliocene Etchegoin formations between 200 and ... NEW FINANCINGS
New Financings - Equity/Debt table
Equity Company Exchange / Symbol Headquarters Amount Comments Calpine Corp. (NYSE: CPN) San Jose, Calif. US$759 million Will offer 66 million shares at US$11.50 each and an over-allotment ... COMPANY BRIEFS
CNR purchase of Rio Alto gets mixed reviews
Canadian Natural Resources Ltd. will acquire Rio Alto Exploration Ltd. for approximately C$2.4 billion, solidifying its position as Canada's second-largest ...
Vintage rejects Pickens' restructuring proposal
Vintage Petroleum Inc. directors rejected a restructuring proposal received from investor and shareholder rights activist T. Boone Pickens Jr. recently, ...
New Cabot CEO considers expanding to Canada
Cabot Oil & Gas Corp. built its reputation as a U.S. natural gas producer. But under the leadership of its ...
Ensco to buy Chiles offshore
Timing and assets to be acquired played key factors as Ensco International Inc., Dallas, agreed to buy Houston-based Chiles Offshore ...
Additional briefs...
Newfield Exploration Co., Houston, plans to acquire EEX Corp., Houston, for $640 million in stock and assumption of debt. ...
Canadian briefs...
APF Energy Trust, Calgary, has acquired Kinwest Resources Inc. and its joint-venture partner 987687 Alberta Ltd. for C$47.8 million, ...
Capital providers
RBC Capital Markets E&P analysts John J. Myers, CFA, and Aaron Stanley have formed a hedge fund, Treaty Oak ...
International briefs...
Anadarko Petroleum Corp., Houston, plans to acquire BP Plc's interests in and operation of the exploration and production sharing ...
Parker steps into fight for Australian contractor
The battle for Australian Oil and Gas Corp. Ltd. intensified at press time as Parker Drilling Co., Houston, announced it ... ON THE MONEY
BRITISH COLUMBIA SPROUTS ANOTHER MULTI-TCF GAS PLAY
A new regional gas play has been quietly developing in northeastern British Columbia. While world attention has been focusing on ... EDITORS COMMENT
HEADLINES
COMPANIES IN THIS ISSUE
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