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Magazine - May 2003

The Deep Shelf play gathering momentum in the Gulf of Mexico sounds like an oxymoron. It isn't. Someone joked it


FEATURES
IS THERE A MUNI IN YOUR FUTURE?

When two natural gas packages changed hands recently, it pointed the way to a new type of buyer: the municipal ...

MORE TREES IN THE SUBSEA FOREST

An analysis of the U.S. Gulf of Mexico market reveals large upside potential for growth over the next six years, ...

WELCOME TO THE U.K. NORTH SEA

The arrival of Apache Corp. in the U.K. sector of the North Sea this year could mark a watershed event ...

MARK-TO-MARKET ACCOUNT-A-RAMA

For most normal humans, discussions on accounting principles are about as much fun as a prolonged session at the business ...

FAT ALBERT

When Imperial Oil spudded its Leduc #1 wildcat in central Alberta in the late 1940s, it was showing sheer, stubborn ...

NEWSWELL
 
FROM THE EDITOR-IN-CHIEF
THE ROAD AHEAD

Challenging dynamics and difficult choices. That was the title of a talk given by Unocal president and chief operating officer ...

COMPLETIONS
SWEET DREAMS

What makes a disturbing dream bothersome is the unlikelihood of the events ever occurring. There are those we hope never ...

TRENDS AND ANALYSIS
Winning an independent credit rating can be a worth fiscal goal

Sometimes, it seems as if the credit rating agencies just can't win. They were criticized after the Enron meltdown for ...

E&P MOMENTUM
LEASING & PERMITTING DATA

If the Central Gulf of Mexico Lease Sale 185 is any indication, operator interest in the deepwater Gulf of Mexico ...

EXPLORATION HIGHLIGHTS
INTERNATIONAL HIGHLIGHTS

ExxonMobil Corp. reports that it has found a world-class gas field offshore Western Australia. In 2000, the Jansz-1 was drilled ...

EASTERN U.S.

1 Gibraltar Energy Corp., El Dorado, Ark., completed a 140,000-cu.-ft.-per-day discovery in Chickasaw County, Miss., at its #1 McCullough 6-16 ...

GULF COAST

1 A Strawn wildcat has been completed in the Fort Worth metropolitan area flowing 944,000 cu. ft. of gas per ...

MIDCONTINENT & PERMIAN BASIN

1 Ritchie Exploration Inc., Wichita, tapped the Johnson Zone (Cherokee) for an oil discovery at its #1 Grusing Trust ...

WESTERN U.S.

1 Oxy Resources California LLC, Tupman, Calif., completed its #1 Jackson et al. new-field discovery in San Joaquin County, Calif., ...

NEW FINANCINGS
New Financings - Equity/Debt table

Equity Company Exchange / Symbol Headquarters Amount Comments Chesapeake Energy Corp. (NYSE: CHK) Oklahoma City US$200 million Priced an offering of 4 million common shares of cumulative preferred stock ...

COMPANY BRIEFS
Allison reassumes Anadarko CEO post

To borrow a phrase from current military lexicon, the abrupt resignation of Anadarko Petroleum Corp. (NYSE: APC) president and chief ...

Additional news

• Investment-banking firm Upstream Energy Capital has been formed in Denver to provide capital, debt and equity, for development of ...

U.S. M&A news

• Apache Corp., Houston, has acquired the Gulf of Mexico portion of its $1.3-billion acquisition of BP producing properties. Apache ...

Canadian M&A news

• 1022971 Alberta Ltd., a subsidiary of Matco Investments Ltd., a private investment company, plans to acquire Southward Energy Ltd., ...

International M&A news

• ONGC Videsh Ltd., India, has acquired oil interests in Sudan from Talisman Energy Inc., Calgary, for US$771 million. The ...

ON THE MONEY
NORTH SEA CHANGE

The North Sea is one of the premier oil provinces of the world, producing some 10 million barrels of oil ...

EDITORS COMMENT
HEADLINES
COMPANIES IN THIS ISSUE
Companies in This Issue

3-Tec Energy 43 A&D Conference 116 A.G. Edwards and Sons, Inc. 35 ABN Amro Bank 121 Acclaim Energy Trust 123 Alberta Energy 51, 95 Amerada Hess Corp. 101, 108, 111, 124 Ammonite Capital Partners ...



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