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In his classic Geology of Petroleum, A.I. Levorson defined a prospect as "a set of circumstances, both geologic and economic, FEATURES
HOT E&P STOCKS
During 2004, virtually all upstream stock prices increased, many of them to new highs. For some, it was a matter ...
FROM ZERO TO $122.5 MILLION
Dan Kellogg wanted to be a car-maker. Dennis Ferstler planned to sail the world's oceans, a la Jacques Cousteau. Their ...
THE SWEET BUY AND BUY
When newly public Whiting Petroleum Corp. spun off from parent Alliant Energy in the fall of 2003, it had 430 ...
PUMPED UP ON THE PINEDALE
For decades dating from the 1960s to the mid-1990s, operators in western Wyoming's Pinedale Anticline wrestled with the problem of ...
TACKLING F&D COSTS
The latest data on finding and development costs for 2004 will not be in for some time, but this much ...
DIFFERENT STROKES
With energy-stock valuations so high today, is this the right time for seasoned E&P management teams to take their private ... NEWSWELL
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FROM THE EDITOR-IN-CHIEF
A SANER 2005
On the same day this past December, Santa delivered the goods. OPEC pledged to cut output by 1 million barrels ... COMPLETIONS
LET THE BUYING BEGIN
It's a new year without any M&A in it-yet. Soon, we'll learn how publicly held upstream companies fared in their ... TRENDS AND ANALYSIS
Dear Private Equity, Greetings from Hubbert's Peak
Ever since the 1986 oil-price collapse, OPEC has engineered some measure of price stability by withholding spare production capacity, then ... E&P MOMENTUM
OLD DOMINION
Much to the surprise of many in the oil and gas industry, Virginia is the site of one of the ... EXPLORATION HIGHLIGHTS
EASTERN U.S.
1 Petsec Energy Ltd., Lafayette, La., plans three wells in Main Pass 19, offshore Louisiana in the Gulf of Mexico. ...
GULF COAST
1 Fortune Operating Co., Willis, La., confirmed its Fortune Operating Field in Shelby County, Texas, (RRC 6) as it completed ...
MIDCONTINENT & PERMIAN BASIN
1 Wichita, Kan.-based independent Abercrombie Energy LLC received a permit to drill a test 12 miles southwest of Oakley in ...
WESTERN U.S.
1 Edward Mike Davis LLC, Denver, has staked a location for a wildcat in northern California. The company's #9-1 Magers, ...
INTERNATIONAL HIGHLIGHTS
Indonesia is pushing forward with its campaign to increase exploration interest and shore up its dwindling production. The government recently ... NEW FINANCINGS
New Financings - Equity/Debt table
Equity Company Exchange / Symbol Headquarters Amount Comments Whiting Petroleum Corp. NYSE: WLL Denver US$218 million Sold 7.5 million common shares at US$29.02 each to pay a portion ... COMPANY BRIEFS
Range to add more Appalachian reserves
Range Resources Corp., Fort Worth, Texas, (NYSE: RRC) plans to acquire $219 million of Appalachian oil and gas properties through ...
Chesapeake adds reserves in Johnson County, Texas
Chesapeake Energy Corp., Oklahoma City, (NYSE: CHK) plans to acquire the 18,000-acre North Block property in Johnson County, Texas, for ...
Petroleum Place-Tristone combination transforms firm
Denver-based Petroleum Place Inc. plans to acquire Calgary- and Houston-based asset-sales and investment-banking firm Tristone Capital Advisors Inc. for C$101 ...
Additional briefs
Newly formed Houston-based mezzanine energy investment firm NGP Capital Resources Co. (Nasdaq: NGPC) had completed its IPO, pricing 16 ...
M&A news...
Pogo Producing Co., Houston, (NYSE: PPP) plans to acquire west Texas assets from a private company for $208 million, ... ON THE MONEY
BBG COMES TO MARKET
After much investor anticipation throughout 2004, the publicly traded shares of Denver-based and Rockies-focused Bill Barrett Corp. finally debuted December ... EDITORS COMMENT
HEADLINES
COMPANIES IN THIS ISSUE
Companies in This Issue
3-R Production Inc. 119 3Tec Energy Corp. 89 A.G. Edwards & Sons 23 Abercrombie Energy LLC 96 Advest Inc. 110 Alaskan Mental Health Trust 116 Albrecht & Associates Inc. 70 Albrecht & Associates Inc. 107 Allen ... |
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