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It's 7:30 a.m., about 50 miles southeast of Galveston in the Gulf of Mexico. On the J. Ray McDermott Derrick FEATURES
HALLIBURTON TODAY
After a tough three years, the people at Halliburton believe they have turned the corner. This summer, the Houston company's ...
VALUING SERVICE STOCKS
Among the various measures used by analysts to determine the likely performance of a given service stock-or group of service ...
BLUEGRASS GAS
Oil and gas have been produced in Kentucky for more than a century, and despite that long history the Bluegrass ...
FIRE!
Think of it as having a Holt Renfrew gift card. And, all of your friends have one too. And you ...
BIG POWER IN A SMALL PACKAGE
By any standards, the state of Qatar is small. With a population barely over 800,000 and a land area (11,430 ...
FLOATING ON GAS
Talk of Qatar's oil should not make readers oblivious to the fact that we have not really begun to analyze ...
EVERY LAST DROP
Oil was discovered in Qatar in the Dukhan onshore field on the Gulf of Bahrain coast in 1939, and the ...
SNOWBALL EFFECTS
As is to be expected, the positive aspects of activity generated by big-scale oil and gas projects has trickled down ...
MAKING OIL GO FURTHER
All the effort Qatar has put into developing its oil and gas sectors has not steered it away from diversification ... NEWSWELL
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FROM THE EDITOR-IN-CHIEF
HOW EFFICIENT IS E&P?
Crude oil at $45 a barrel delivers a lot of gifts. It creates outsized free cash flow for most producers. ... COMPLETIONS
GOM SHELF CONSOLIDATION
Anadarko Petroleum Corp. is departing from the Gulf business-the Gulf shelf, that is. Regional consolidator Apache Corp. is assuming operatorship ... TRENDS AND ANALYSIS
Are Higher Commodity Prices Masking Producers' Problems?
Rising crude oil and gas prices are not nearly as interesting as the absence of price spikes and the resulting ... E&P MOMENTUM
TRENTON-BLACK RIVER GAS
Natural gas from the prolific Trenton-Black River play is pushing New York's production to record levels, according to the state ... EXPLORATION HIGHLIGHTS
Eastern U.S.
1 Shell Offshore Inc., New Orleans, will drill up to four wells in deep water in the DeSoto Canyon area ...
Gulf Coast
1 BRG Petroleum Corp. 7G , Tulsa, continues to prove up an area around Naconiche Creek Field in eastern Nacogdoches ...
Midcontinent and Permian Basin
1 Wichita, Kan.-based Ritchie Exploration Inc. staked a wildcat in southern Trego County, five miles northeast of Ransom, Kan. The ...
Western U.S.
1 Aspen Exploration Corp., Denver, drilled five successful wells in five attempts in its development program in West Grimes Field ...
International Highlights
Norwegian firm DNO ASA is enjoying success in Yemen's Sayun-Masila Basin At Tasour Field on Block 32, the company completed ... NEW FINANCINGS
New Financings - Equity/Debt table
Equity Company Exchange / Symbol Headquarters Amount Comments Magnum Hunter Resources Inc. NYSE: MHR Irving, Texas US$169.7 million Sold 17.25 million common shares at US$10.25 each to finance a portion ... COMPANY BRIEFS
Newfield adds Rockies; boosts its GOM holdings
Newfield Exploration Co., Houston, plans to acquire privately held, Denver-based Inland Resources for $575 million plus net debt, establishing a ...
Chesapeake buys out Bravo, Legend, Tilford Pinson
Chesapeake Energy Corp., Oklahoma City, has $590 million worth of deals under way for gas assets in the Midcontinent and ...
National Oilwell Varco aims to be new-build leader
Production-services company National Oilwell Inc., Houston, has put in a bid to buy tubular-service firm Varco International Inc., Houston, in ...
Additional briefs
Mission Resources Corp., Houston, has retained Petrie Parkman & Co. to evaluate alternatives to increase shareholder value. Mission's assets ... ON THE MONEY
CAUTIOUS OPTIMISM AT OIL CONFERENCE
The Oil & Gas Conference, recently held in Denver, drew 70 presenting energy companies and a standing-room-only crowd of investors ... EDITORS COMMENT
HEADLINES
COMPANIES IN THIS ISSUE
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