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Magazine - May 2004

West Africa is an ancient and tumultuous land, one buffeted by wars, jihads, famines and conquests during its entire history.


FEATURES
UP AND DOWN

Once dominated by two large players, the Gulf of Mexico helicopter market is fragmenting as smaller firms try to carve ...

PRODUCING THE PERMIAN

The Permian Basin is one of the leading battle-fronts in the war against the production-decline curve. Deeper exploration for Devonian ...

DEFINING PUDs

Proved oil and gas reserves are elusive to define, and proved undeveloped ones even more so. Not all are created ...

GOT VALUE?

Acquisitions are, for most upstream companies, an important driver for growth, alongside exploration. Although acquisitions have delivered a step-change in ...

CLIMBING THE CAPITAL CURVE

The capital-raising playing field for small independent producers has changed dramatically in the past few years. During that time, the ...

NEWSWELL
 
FROM THE EDITOR-IN-CHIEF
YOUR DEALS, OUR DEAL

Never has there been a better time for deal-making, acquisitions and starting an E&P company than this year. The ...

COMPLETIONS
STICKER SHOCK

Three years ago, the industry and analysts gasped at the $2.8 billion Denver-based Barrett Resources Corp. drew from The Williams ...

TRENDS AND ANALYSIS
Howard Weil Reserve and Finding-Cost Study Reveals Highs and Lows

The cost of doing business in the oil patch keeps rising. For 46 publicly traded exploration and production companies tracked ...

E&P MOMENTUM
NATIVE AMERICAN LANDS OFFER OPPORTUNITY

The Bureau of Indian Affairs (BIA) has been stepping up its efforts to aid native American tribes-which number more than ...

EXPLORATION HIGHLIGHTS
Eastern U.S.

1 Roundtree & Associates Inc., Jackson, Miss., has scheduled a remote wildcat in southern DeSoto County, Miss. Only two wells ...

Gulf Coast

1 Raydon Exploration Inc., Oklahoma City, brought in a Barnett Shale discovery for 61,000 cu. ft. of gas a day ...

Midcontinent & Permian Basin

1 Abercrombie Energy LLC, based in Wichita, Kan., permitted a remote wildcat 10 miles north and slightly east of Johnson ...

Western U.S.

1 Venoco Inc., Carpinteria, Calif., in a program with the U.S. Department of Energy (DOE) Office of Fossil Energy, used ...

Western U.S.

Exploration wells in offshore Angola hit big pay yet again. On deepwater Block 18, BP has announced two discoveries, adding ...

NEW FINANCINGS
New Financings - Equity/Debt table

Equity Company Exchange / Symbol Headquarters Amount Comments Marathon Oil Corp. NYSE: MRO Houston US$1 billion To sell 30 million shares to help retire debt related to a US$2.93-billion ...

COMPANY BRIEFS
Kerr-McGee buying Westport in stock swap

Oklahoma City-based Kerr-McGee Corp. (NYSE: KMG) plans to buy Westport Resources Corp., Denver, (NYSE: WRC) in a stock-for-stock merger valued ...

Resolute Natural to acquire, exploit

Nicholas Sutton has remained out of the daily E&P fray since he sold Denver-based HS Resources to Kerr-McGee Corp. (NYSE: ...

Hightower's Celero to work the Permian

Jack Hightower, the founder and former chief executive officer of Pure Resources in Midland, Texas, has assembled a group of ...

Precision buying GSF land business

Precision Drilling Corp., Calgary, (NYSE: PDS) plans to buy all of GlobalSantaFe Corp.'s (NYSE: GSF) worldwide land drilling assets for ...

Additional briefs

• Houston-based Hart Energy Publishing LP, publisher of Oil and Gas Investor, Petroleum Finance Week and A&D Watch, has been ...

U.S. M&A News

• Chesapeake Energy Corp., Oklahoma City, (NYSE:CHK) plans to buy $100 million of Midcontinent, Permian Basin and Texas Gulf Coast ...

Canadian M&A News

• The Canadian government will sell its remaining 19% stake in Petro-Canada (Toronto: PCA; NYSE: PCZ) in the 2004-05 fiscal ...

ON THE MONEY
NEW FACES IN THE BUYSIDE CROWD

Value investors were out in force at this year's Howard Weil energy conference in New Orleans, joined by what seemed ...

EDITORS COMMENT
HEADLINES
COMPANIES IN THIS ISSUE


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