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Magazine - October 2003

Ages ago, Trinidad and Tobago were part of the South American mainland. Then the sea flooded the northeast part of


FEATURES
LNG IMPORTS

The natural gas market in the U.S. faces a period of continued supply uncertainty and sustained high prices, both of ...

DRAWING A CROWD

During the past century, an estimated 50 trillion cubic feet (Tcf) of natural gas has been produced out of the ...

DEEP BASIN DIVIDENDS

The discovery of Elmworth Field in Alberta in the mid-1970s opened many eyes in the oil industry. The find, made ...

CANADIAN ASSETS

The Canadian asset marketplace today is like a buffet for 1,000, but 2,000 have arrived: tons of food but still ...

THE CASPIAN, A GIANT IN THE MAKING

Sitting astride the continents of Europe and Asia and covering an area of 149,200 square miles, the Caspian Sea is ...

GETTING PRODUCTS TO MARKETS

Talk to Abdolbari Goozal about transporting oil out of the Caspian region. You will not find the happiest of men. ...

CASPIAN SERVICE AND SUPPLY OPPORTUNITIES

Sitting in the offices of Caspian Wireline Services (CWS), one cannot miss the buzz in the air. The company, founded ...

NEWSWELL
 
FROM THE EDITOR-IN-CHIEF
THE TRUE MEANING OF LNG

When this industry seizes on a hot topic, it goes overboard. Suddenly my inbox is all LNG, all the time. ...

COMPLETIONS
WHEN HUNTING FOR ASSETS

Buying important assets may be made easier-and less expensive-by doing some proactive intelligence gathering and due diligence, says David Marcell, ...

TRENDS AND ANALYSIS
Private Capital on Fire with Record Energy Prices

If private capital were a forest, today it would be ablaze! High energy prices, particularly for natural gas, have fanned ...

E&P MOMENTUM
CONSOLIDATING CBM EFFORTS

A new firm has opened its doors in Sheridan, Wyoming. Pinnacle Gas Resources Inc. was formed a few months ago ...

EXPLORATION HIGHLIGHTS
EASTERN U.S.

1 Moon-Hines-Tigrett Operating Co. Inc., Jackson, Miss., drilled the #1 Smith Estate 11-8 wildcat to 3,050 ft. and prepared to ...

GULF COAST

1 Miller Energy Inc., Houston, completed its #1 Harrington wildcat in northern Leon County, Texas, as a discovery producing 35 ...

MIDCONTINENT & PERMIAN BASIN

1 Castle Resources Inc., Schoenchen, Kan., completed the #1 Lockwood-Richmeier in Section 17-11s-30w, Gove County, Kan., at a pump rate ...

WESTERN U.S.

1 Rival Resources Inc., Bellingham, Wash., has permitted five new-field wildcats in Whatcom County, Wash., near the border with British ...

INTERNATIONAL HIGHLIGHTS

Offshore Angola continues to delight the industry, layering two more deepwater oil discoveries on its already formidable successes. ExxonMobil Corp. ...

NEW FINANCINGS
New Financings - Equity/Debt table

Equity Company Exchange / Symbol Headquarters Amount Comments Whiting Petroleum Holdings Inc. (NYSE: LNT) Madison, Wis. US$130 million Plans to be spun out by its parent, Alliant Energy Corp., ...

COMPANY BRIEFS
Husky, EOG sharing W. Canadian purchase

Marathon Oil Corp. (NYSE: MRO) is selling its E&P interests in western Canada to Husky Energy Inc. (Toronto: HSE) for ...

Patina buying Cordillera Energy

Denver-based Patina Oil & Gas Corp. (NYSE: POG) has undertaken its largest acquisition to date by agreeing to buy Cordillera ...

Calpine creating Canadian trust

Calpine Corp. (NYSE: CPN) plans to establish a new Canadian trust-Calpine Natural Gas Trust-and distribute the units through an initial ...

Additional news

• Goldman Sachs & Co. has established Goldman Sachs E&P Capital, Houston, to provide private energy capital. Kurt A. Talbot ...

U.S. E&P M&A

• Samson Investment Co., Tulsa, has acquired privately held Contour Energy Co. for approximately $146 million, gaining assets in north ...

Canadian E&P M&A

• APF Energy Inc., Calgary, plans to acquire CanScot Resources Ltd., Calgary, for C$34.9 million in cash or units of ...

International E&P M&A

• Lukoil Holdings, Moscow, Russia's second-largest oil producer, will pull out of its Polar Lights joint venture with ConocoPhillips by ...

Oil-service M&A news

• Bronco Drilling Co. has acquired Elk Hill Drilling Inc. and the assets of U.S. Rig & Equipment Inc. Bronco ...

Appointments

• Robert P. Strode has been appointed senior vice president, global exploration and new ventures, of Amerada Hess Corp., New ...

ON THE MONEY
MARKET UPTURN SEEN

The U.S. economy is improving and that's going to translate into more demand for dependable sources of energy. More importantly ...

EDITORS COMMENT
HEADLINES
COMPANIES IN THIS ISSUE
Companies in This Issue

3Tec Energy Corp. 67 A.G. Edwards 17 ABB 82 ABX Resources Inc. 81 Action Energy Inc. 54 Alexi Corp. 81 Alexi Holdings Ltd. 81 Amerada Hess 18, 82 Anadarko Petroleum Corp. 7, 68, 82 Analysis Group 84 Apache Corp. 73, 84 APF ...



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