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Magazine - August 2004

Just south of the Uinta Mountains-a 150-mile-long succession of geological anticlines and synclines that takes an unusual east-west path through


FEATURES
LIBYA

When President Bush lifted many of the U.S. sanctions against Libya in April, he opened the country to investment by ...

ALLADIN'S CAVE?

His Highness Sheik Hamed Bin Zayed Al Nahyan, chairman of the Abu Dhabi Economic Forum, recently announced that the emirate, ...

A&D IN NORWAY

Recent activity on the Norwegian Continental Shelf (NCS) suggests an increase in the number and value of upstream asset transactions. ...

CHINA'S ECONOMY AND OIL PRICES

China's economy has been racing upward like a skyrocket celebrating the emperor's birthday. Gross domestic product climbed 9.1% during 2003, ...

DISTURBING TRENDS

Despite years of victories declared over downsizing, portfolio optimization, and process and technology improvements, exploration and production companies still struggle ...

VALUE IN THE VICKSBURG

The famed Vicksburg Fault Zone fields stretch along a northeast trend from the Mexican border through Kleberg and Nueces counties, ...

NEWSWELL
 
FROM THE EDITOR-IN-CHIEF
PULL UP YOUR SOCKS

Crude oil is an exasperating commodity. It's like broccoli or daily exercise-you don't really like it but you need it. ...

COMPLETIONS
VANISHING ACTS

The 2003 slowdown in whole-company A&D activity is well over, as several large U.S. independents have already vanished this year. ...

TRENDS AND ANALYSIS
Counting Barrels Worldwide No Simple Task

Is the world awash in crude, or is supply tight enough to prop up high oil prices? During the past ...

E&P MOMENTUM
VAST SCALE FOR PINEDALE

While Jonah is a whale of a gas field, the neighboring Pinedale Anticline may be an even bigger catch. Indeed, ...

EXPLORATION HIGHLIGHTS
Eastern U.S.

1 Shell Offshore Inc. permitted the farthest offshore well to date in the eastern Gulf of Mexico in Lloyd Block ...

Gulf Coast

1 Roosth Production Co., Tyler, Texas, is drilling ahead at its 6,000-ft. wildcat in the John V. Cherry Survey, A-171, ...

Midcontinent & Permian Basin

1 Three wildcats are scheduled for Graham County, Kan. Lario Oil & Gas Co., based in Wichita, Kan., is planning ...

Western U.S.

1 Hamar Associates LLC, Ojai, Calif., has applied for a number of wells, including a wildcat in Sutter County in ...

International Highlights

Russian giant Lukoil is investing heavily in the Caspian Sea region. It recently took two new concessions in the central ...

NEW FINANCINGS
New Financings - Equity/Debt table

Equity Company Exchange / Symbol Headquarters Amount Comments XTO Energy Inc. NYSE: XTO Fort Worth, Texas US$600 million Sold 24 million shares at US$25.23 each. Joint book-running managers were Lehman ...

COMPANY BRIEFS
El Paso going back to basics

Houston-based diversified energy company El Paso Corp. has unveiled its long-awaited revised strategic plan for its E&P business, emphasizing a ...

Provident adding BreitBurn Energy to portfolio

Calgary-based royalty trust Provident Energy Trust has acquired privately held Los Angeles-based producer BreitBurn Energy LLC for C$155 million ...

Dune Energy hires new COO, completes financing

Small-cap Dune Energy Inc.‚ (OTC BB: DENG) has been busy lately. Formerly a quiet and little-known company, it has completed ...

Additional briefs

• Randy Hill, Cory Richards and David Myers plan to form a new E&P company that has not yet been ...

M&A News

• Houston-based Capital C Energy LLC, a Carlyle/Riverstone Global Energy and Power Fund II LP company, plans to buy Belden ...

ON THE MONEY
RESTARTING IN DENVER

Events are occurring in today's energy and financial markets that could very well return Denver to its former status as ...

EDITORS COMMENT
HEADLINES
COMPANIES IN THIS ISSUE


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