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Magazine - September 2002

Marty Searcy's Sawtooth Energy Partners is among the many E&P companies that have been formed this past year that are


FEATURES
MEXICO'S NEW UPSTEAM PHILOSOPHY

Since mid-2001 there has been talk in Mexico and abroad about a new upstream philosophy in Mexico. One reason: natural ...

THE SAUDI-U.S. RELATIONSHIP

One year after the September 11 tragedies, when 15 of 19 airline hijackers came from Saudi Arabia, relations between the ...

TORONTO BUYSIDE

Toronto-the Huron Indian name for "place of meeting"-is a collision of new- and old-world architecture and cultures. The city is ...

EXECUTIVE W-2

Valero Energy Corp. chairman, president and chief executive officer William E. Greehey was the highest-paid executive of a publicly traded ...

SECURITY IN AN UNSAFE WORLD

The September 11 terrorist attacks shocked the world and immediately sent the energy industry scrambling to assess its vulnerabilities. However, ...

WELL-LOGGING

From early surface mining experiments to modern nuclear physics, formation logging has been the backbone of oil and gas development, ...

NEWSWELL
 
FROM THE EDITOR-IN-CHIEF
DO YOU HAVE VALUE TO DECLARE?

A year later. Ever since September 11, the crashing stock market, the accounting scandals and talk of war, it has ...

COMPLETIONS
TIME TO BUY

Second-quarter results may reveal which of the largest public oil companies would like to boost their production before year-end. According ...

TRENDS AND ANALYSIS
Plenty of private capital available - to the right type companies

At the outset of 2002, private capital was settling in for a banner year: oil and gas prices were expected ...

E&P MOMENTUM
EXPLORATION HIGHLIGHTS
INTERNATIONAL HIGHLIGHTS

The partners in the North Caspian Sea production-sharing agreement have finally declared the giant Kashagan discovery commercial. Kashagan, the world's ...

NORTHEAST/SOUTHEAST

1 Another high-volume gas well has been completed by ExxonMobil Corp. in Bon Secour Bay Field offshore Baldwin County, Ala., ...

GULF COAST

1 In Texas' Val Verde Basin, nonproducing Real County has gained a producing well and, to the west, Val Verde ...

MIDCONTINENT & PERMIAN BASIN

1 Oxy USA Inc., Tulsa, gauged a flow of gas at the rate of 1.3 million cu. ft. per day ...

WESTERN U.S.

1 Ivanhoe Energy, Bakersfield, says it and its partners are preparing to log the Aera Energy LLC-operated #1-22 Northwest Lost ...

NEW FINANCINGS
New Financings - Equity/Debt table

Equity Company Exchange / Symbol Headquarters Amount Comments El Paso Corp. (NYSE: EP) Houston US$1.56 billion Sold more than 45 million shares at US$19.95 each and 10 million 9% ...

COMPANY BRIEFS
Williams E&P assets go on the market

The Williams Cos. has put up the oil and gas assets it acquired from Barrett Resources Corp. last year as ...

Magnum Hunter rolls assets into partnership

Magnum Hunter Resources Inc. has sold some noncore assets from its merger with Prize Energy Inc. to a new partnership ...

Transocean spin-off recieves mixed reviews

Transocean Inc., Houston, will spin off the Gulf of Mexico shallow and inland water business it acquired as part of ...

PGS liquidity questioned upon canceling Veritas deal

Petroleum Geo-Services faces serious liquidity issues in the next 12 to 18 months from scheduled maturities of more than $800 ...

Midland Fabricators takes over Unifab International

Midland Fabricators and Process Systems LLC has acquired a 90% interest in Unifab International Inc. for $10 million that is ...

Additional briefs...

• CMS Energy Corp., Dearborn, Mich., will sell its exploration and production unit, CMS Oil and Gas Co., for approximately ...

Canadian briefs...

• Acclaim Energy Trust, Calgary, and Ketch Energy Ltd., Calgary, will combine mature assets and transfer certain Ketch growth assets ...

Capital providers

• Steven Misener has joined Sentry Select Capital Corp., Toronto, as vice president, equity investments. Misener was lead portfolio ...

International briefs...

• Royal Dutch/Shell has acquired British oil explorer Enterprise Oil Plc for US$5.4 billion. • Marathon Oil Corp., Houston, has acquired ...

ON THE MONEY
LOOKING TO THE ROCKIES

The Rocky Mountains are a growth engine for the nation's natural gas supply-the region's production jumped from 4.3 billion cubic ...

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HEADLINES
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