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Magazine - April 2004

Throughout the heartland of America, institutional investors are sensing the winds of change now blowing across the global energy landscape. With


FEATURES
BANKER UP

Defining the best and worst of times for the energy business depends on where you stand. For exploration and production ...

ROYALTY BUYERS

With oil and gas prices high and interest rates low, more and more investors are discovering the value of buying ...

USING THE RIGHT FORMULA

The energy investment-banking team at Hibernia Southcoast Capital in New Orleans recently analyzed the effect of return on capital employed ...

THE BAKKEN IS BACK

There's a red-hot horizontal drilling play in full steam in the Williston Basin, in the Bakken Shale. That's not a typo, ...

AN ISLAND OF OIL AND GAS STABILITY

This special report was prepared by London-based Global Business Reports after meeting with some of the UAE industry's leaders and ...

THE FUEL OF REGIONAL AMBITIONS

Anticipating a growing demand for natural gas in the Middle East, the UAE and Qatar established Dolphin Energy Ltd. in ...

SERVICE , PLEASE

As the UAE's oil and gas production industry developed during the past 40 years, related industries have been benefactors. Locally ...

THE NEW FPSO CONTENDER

Among the most interesting developments that have shaped the United Arab Emirates' oil and gas industrial sector, the birth and ...

TO BUY OR TO SELL?

Competition for Canadian assets has become heated-some would say overheated but buyers are walking away pleased, despite paying historically high ...

NEWSWELL
 
FROM THE EDITOR-IN-CHIEF
WHAT LIES BENEATH?

Proved reserves. No single thing more affects an exploration and production company's value. But until oil or gas actually flows ...

COMPLETIONS
IS THERE LIFE AFTER

The Gulf of Mexico shelf has been pronounced dead before, but then along came the application of 3-D seismic, combined ...

TRENDS AND ANALYSIS
Natural Gas Prices to Stay Intact due to Supply Concerns

Henry Hub natural gas prices are likely to trade between $4 and $6 per million Btu (MMBtu) though 2006. That's ...

E&P MOMENTUM
The JB Mountain Prospect

The deep-gas play in the shallow waters of the Gulf of Mexico shelf is one of the most exciting of ...

EXPLORATION HIGHLIGHTS
Eastern U.S.

1 Midland, Texas-based Clayton W. Williams Jr. plans a deep, remote wildcat in nonproducing Webster County, Miss. When the independent ...

Gulf Coast

1 Endeavor Energy Resources LP, Midland, is drilling a remote wildcat on the eastern flank of the Fort Worth Basin ...

Midcontinent & Permian Basin

1 Anadarko Petroleum Corp., based in The Woodlands, staked another wildcat in its series targeting pre-Permian horizons in southwestern Kansas' ...

Western U.S.

1 Prime Natural Resources Inc., Houston, plans a wildcat to look for oil and gas in Kern County, Calif. The ...

International Highlights

U.K. independent Cairn Energy has hit a company-maker in northwestern India's Barmer Basin, onshore Rajasthan-the N-B-1, drilled on the 5,000-square-kilometer ...

NEW FINANCINGS
New Financings - Equity/Debt table

Equity Company Exchange / Symbol Headquarters Amount Comments Oneok Inc. (NYSE: OKE) Tulsa, Okla. US$150 million Plans to privately place 6.9 million shares at US$21.74 each. CitiGroup Global Markets ...

COMPANY BRIEFS
El Paso joins Shell, Forest in revising reserve estimates

Shares of El Paso Corp. (NYSE: EP) dropped 18% on news the company would slash its year-end 2003 proved reserve ...

Encore acquisition to snap up Cortez Oil & Gas

Encore Acquisition Co., Fort Worth, (NYSE: EAC) plans to purchase privately held Plano, Texas-based Cortez Oil & Gas Inc. for ...

Momentum is building at Brigham Exploration

In many ways, 2003 was a break-out year for Austin-based Brigham Exploration Co. (Nasdaq: BEXP). It greatly reduced debt through ...

Additional briefs

• Privately held Dallas-based Classic Reserves Ltd., which sold the assets and stock of Classic Petroleum Inc. earlier this year ...

U.S. M&A News

• XTO Energy Inc., Fort Worth, (NYSE: XTO) plans to buy producing properties primarily in the Barnett Shale region of ...

Canadian M&A News

• Canadian Natural Resources Ltd., Calgary, has acquired 100% interest in the Petrovera Resources partnership, which has heavy-oil properties in ...

International M&A News

• Vermilion Energy Trust, Calgary, (Toronto: VET.UN) plans to buy assets in The Netherlands for C$80.5 million producing 5,900 BOE ...

ON THE MONEY
FILLING A NICHE

A new player has emerged in the energy capital-markets arena in the Mile High City-Meagher Dunn Capital. Its target clients: ...

EDITORS COMMENT
HEADLINES
COMPANIES IN THIS ISSUE


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