Hart Energy Publishing
Magazine - January 2004

One could argue that Matthew Simmons, one of the industry's foremost analysts, is a descendant of Paul Revere. For 20


FEATURES
FIGHTING THE DECLINE CURVE

No doubt about it, the biggest challenge the oil industry faces in this decade is fighting the relentless production decline ...

UNCONVENTIONAL RESOURCES

Some 25 trillion cubic feet (Tcf) of natural gas was produced in the U.S. and Canada in 2002, and unconventional ...

CURBING THE CURVE

Just about everybody knows that the production-decline curve in the U.S. has steadily worsened during the past 10 years. But ...

BUYING TO GROW

While battling internal decline curves, many companies turn to acquisitions to cover their losses. In 2002, a relatively mild year ...

NEWSWELL
 
FROM THE EDITOR-IN-CHIEF
FIGHT ON

Fighting the production-decline curve is a good fight for companies, investors and the country. That's why this entire issue of ...

COMPLETIONS
VIVA RESERVES!

Clearly, buyers and sellers were better able to see eye to eye in the last few weeks of 2003 than ...

TRENDS AND ANALYSIS
Surveys: Producers Expect to Boost Their Capex Budgets in 2004

Two year-end E&P spending surveys predict worldwide upstream spending will grow about 4% in 2004. Approximate 6% growth in international ...

E&P MOMENTUM
MIXED RESULTS FOR BURGOS BASIN BIDS

Pemex has been moderately successful in its debut of its unique multiple-service contracts (MSCs) in northeastern Mexico's Burgos Basin. With ...

EXPLORATION HIGHLIGHTS
EASTERN U.S.

1 The eastern Gulf of Mexico is attracting a lot of attention these days as several companies have deepwater wildcats ...

GULF COAST

1 Longview, Texas-based CW Resources Inc. reached a total depth of 10,100 ft. at an exploratory test in the northeastern ...

MIDCONTINENT AND PERMIAN BASIN

1 Newton, Kan.-based Palomino Petroleum Inc. completed a wildcat in western Kansas' Ness County, about four miles northeast of Ness ...

WESTERN U.S.

1 Production Specialties Co., Woodland, Calif., brought home a gas discovery at its #1-5 Stagecoach wildcat in Section 5-22n-2w, Glenn ...

INTERNATIONAL HIGHLIGHTS

Operators active in Vietnam have been enjoying recent successes. In the prolific Cuu Long Basin, partners in the multinational Cuu ...

NEW FINANCINGS
Equity/Debt Table

Equity Company Exchange / Symbol Headquarters Amount Comments Amerada Hess Corp. (NYSE: AHC) New York US$600 million Sold 12 million ...

COMPANY BRIEFS
Anadarko brings in Hackett to lead company

Anadarko Petroleum Corp. has shifted the market's focus from "takeover" to "turnaround" by hiring veteran energy executive James T. Hackett ...

KCS Energy appears to be back on track

Since emerging from Chapter 11 in 2001, KCS Energy has continued to improve its balance sheet and operations. It is ...

Marathon advances its integrated gas strategy

Two years ago Marathon Oil Corp. began moving in a more high-profile way to pursue an international, integrated gas strategy. ...

Additional briefs

• Alan Smith and Tom Campbell have formed Chalker Energy Partners, Houston. Smith was most recently vice president, business development, ...

ON THE MONEY
MLP OUTLOOK: FAVORABLE

During the first 11 months of 2003, the combination of strong fundamentals, unit-distribution increases and a historically low interest-rate environment ...

EDITORS COMMENT
HEADLINES
COMPANIES IN THIS ISSUE


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