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Magazine - February 2004

The Texas oil industry was born in 1894 in Corsicana, on the western flank of the East Texas Basin. It


FEATURES
ABOUT EL PASO

New El Paso Corp. president and chief executive Doug Foshee's long-term plan to turn the embattled company around has won ...

STREET-WISE SERVICE BUYS

Despite $30 oil and $4-plus gas throughout much of 2003, oil-service stocks didn't reflect this sustained boom. One could attribute ...

REVISITING ROADS NOT TAKEN

With at least 300 trillion cubic feet of gas reserves yet to be recovered in the Rockies, there's a tremendous ...

CBM IN ILLINOIS

The Land of Lincoln would seem to be an ideal spot for coalbed-methane (CBM) development. A recent paper by the ...

LAND OF ICE AND CHANGE

Siberia is a million square miles of wilderness stretching across Asia from the Ural Mountains in the west to the ...

A NORTH SEA RENAISSANCE

Five years ago, what was once Europe's leading oil and gas producer was in deep disarray. With alarming outlooks on ...

MAJORS, MOVE OVER

The U.K. is going through a historical phase as a hydrocarbon-producing country. After having relied on small entrepreneurs for the ...

BRACING FOR A SEA CHANGE

From the outset, the U.K.'s oil and gas industry was able to build a large part of its development on ...

FINANCIAL KINGDOM

The U.K. has a long-established position as a world financial center. Just as the country's maritime and industrial traditions fuelled ...

TAXATION

Despite its seeming fiscal steadiness, the U.K. oil and gas tax regime has witnessed a number of changes throughout its ...

NEWSWELL
 
FROM THE EDITOR-IN-CHIEF
COMPLETIONS
TRENDS AND ANALYSIS
E&P MOMENTUM
EASTERN GULF OF MEXICO

Operator interest was subdued in the Minerals Management Service's Sale 189 in the eastern Gulf of Mexico in December in ...

EXPLORATION HIGHLIGHTS
Eastern U.S.

1 Armadillo Services Inc. of Alabama, Raymond, Ala., completed a discovery in the northwestern corner of Monroe County, Miss., for ...

Gulf Coast

1 Four Sevens Operating Co., Fort Worth, completed an Atoka discovery for 203,000 cu. ft. of gas a day in ...

Midcontinent & Permian Basin

1 Mica Energy Corp., Oklahoma City, received a permit for a wildcat in Section 20 of nonproducing township 2s-25w in ...

Western U.S.

1 Apparently trying to get on the good side of California's new governor, Cimarex Energy Co., Denver, has named a ...

International Highlights

Offshore Mauritania ended 2003 with some excellent drilling results. Woodside Petroleum reports that its West Tiof C-4-7, a stepout to ...

NEW FINANCINGS
COMPANY BRIEFS
Chesapeake ends 2003 with $1.7 billion-plus in purchases

Oklahoma City-based Chesapeake Energy Corp. added another $510 million of purchases to its 2003 tally just before year-end, bringing its ...

ChevronTexaco to divest 5% of U.S. production

ChevronTexaco plans to sell about 60% of its total U.S. properties, and may also sell some producing and midstream assets ...

Additional briefs

• Myra A. Dria, president, and Keith A. Zimmerman, vice president, business development, have formed Ristra Energy LLC, Houston. Dria ...

U.S. M&A News

• Privately held Petrohawk Energy LLC, Houston, and Beta Oil & Gas Inc., Tulsa, Okla., (Nasdaq: BETA) have agreed to ...

ON THE MONEY
AN OPEN STREET-IF NEEDED

For those producers thinking of tapping the public equity markets this year, their timing couldn't be better. On the heels ...

EDITORS COMMENT
HEADLINES
COMPANIES IN THIS ISSUE


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