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Prices for U.S. oil and gas reserves continue to strengthen-one producer plans to pay an eye-popping $100,000-plus per flowing barrel FEATURES
Double-Team
When John Seitz left the president and chief executive officer post at Anadarko Petroleum Corp. in 2003, he called old ...
The LNG Rush
North America's liquefied natural gas (LNG) industry is emerging from two decades in the shadow of pipeline gas supplies. As ...
Redrilling Monell
Patrick Draw Field was discovered in 1959 in Sweetwater County, Wyoming, in the Green River Basin. The sizeable, oil-filled stratigraphic ...
Pay for performance
The challenges facing energy companies across the globe are immense. To name a few: increasing reliance on remote energy sources, ...
A Gas Opec
Technology has long existed to turn the world's stranded natural gas reserves into portable liquefied natural gas (LNG), moving it ...
Money in the midstream
An array of pipes and valves may not be as photogenic as a drilling mast flying the U.S. flag against ...
Learning Curve
During Soviet times, oilfield services-from drilling to hydro-fracturing, downhole services, engineering and construction services-were geographically organized and attached to specific ...
Taming the Bear
As far as hydrocarbons are concerned, a third of the world's gas is held in the Russian Federation, while its ...
Growing Pains
Economic development of the Russian Federation during the past 15 years has been spectacular following an overhaul of its entire ...
Private E&P Capital
In a world of $60-plus oil and $11 to $12 gas, producer desire to get upstream development projects under way ...
Framing Perceptions
Four years ago, the debate about the legal system framing E&P activities was centered on production-sharing agreement (PSA) laws. Some ... NEWSWELL
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FROM THE EDITOR-IN-CHIEF
No Safe Harbor
The devastation wrought by Katrina and Rita was a loud wake-up call for Americans. Now they know their South American ... COMPLETIONS
Proven People
Acquisitions have traditionally been measured by their fungible assets, such as associated production-the price per flowing barrel of oil equivalent ... TRENDS AND ANALYSIS
A Call to action
While it should be lauded as an achievement, the reality is that the recent Energy Policy Act of 2005 fails ... E&P MOMENTUM
Rigging Up
The U.S. at present has some 1,700 land rigs, and rig contractors could add up to 191 new and refurbished ... EXPLORATION HIGHLIGHTS
Eastern U.S.
1 Anadarko Petroleum Corp., The Woodlands, Texas, plans a new wildcat in Lloyd Ridge 95 in the eastern Gulf of ...
Gulf Coast
1 Medicine Bow Energy Corp., Denver, recently acquired by El Paso Production, plans an exploratory well in southern Upshur County, ...
Western U.S.
1 Shell Offshore Inc., Houston, received awards for 84 oil and gas leases among the 117 leases awarded in the ...
Midcontinent & Permian Basin
1 A western Salina Basin wildcat is scheduled to Arbuckle at 3,850 ft. about nine miles south-southwest of Osborne, Kan., ... NEW FINANCINGS
Equity
Rosetta Resources Inc. NA Houston US$800 million Privately placed 45.3 million common shares to purchase all of Calpine Corp.'s U.S. ... COMPANY BRIEFS
Mariner to double with Forest GOM assets
Houston-based Mariner Energy Inc. plans to acquire the offshore Gulf of Mexico operations of Forest Oil Corp., Denver, (NYSE: FST) ...
Additional News
Additional News Crusader Energy II LLC, Oklahoma City, has been formed with capital provided by former chief executive of ...
M&A news
Woodside Energy (USA), a subsidiary of Australia-based Woodside Petroleum Ltd., has acquired Houston-based Gryphon Exploration Co. for approximately US$297 million. ... ON THE MONEY
Perception and Reality
In the wake of Hurricane Katrina, more than a few preening peacocks are parading themselves before the television cameras as ... EDITORS COMMENT
The LNG Rush
North America's liquefied natural gas (LNG) industry is emerging from two decades in the shadow of pipeline gas supplies. As ...
A Call To Action
While it should be lauded as an achievement, the reality is that the recent Energy Policy Act of 2005 fails ...
Rand: U.S. Shale Oil Could Be Economical Future Energy Source
Western U.S. oil shales could produce millions of barrels of oil per day in 20 to 30 years if technological, ...
Private E&P Capital
In a world of $60-plus oil and $11 to $12 gas, producers' desire to get upstream development projects under way ...
Money In The Midstream
An array of pipes and valves may not be as photogenic as a drilling mast flying the U.S. flag against ...
Perception And Reality
In the wake of Hurricane Katrina, more than a few preening peacocks are parading themselves before the television cameras as ...
Panelists: Corporate Deals Stunted While 'Everyone Seems Expensive'
The pace of U.S. corporate transactions among publicly held companies would pick up for the right price, according to speakers ...
Is This As Good As It Gets For The Service Sector? No
Second-quarter revenues for oil-service firms were through the roof. Of 27 service companies on the Oil and Gas Investor This ...
Canadian M&A Prices Reaching Historic New Levels
Canadian M&A deals totaled C$9.9 billion for the first six months of 2005, indicating a continuation of M&A growth since ...
S&P: Robust Upstream Revenues Alone Don't Warrant Upgrades
The E&P sector has spent the last few quarters building its financial strength, lowering finding and development costs and keeping ...
Katrina Brought Disaster To Gulf Coast Energy Center
As some oil and gas companies were still working to fully recover from 2004's Hurricane Ivan, Katrina blazed across the ...
29 Of 38 Leading Indies Report Higher Production In 2Q
Many independents had good reason to celebrate their performance this summer. Strong M&A activity, continued high commodity prices, a nation ...
A Gas OPEC
Technology has long existed to turn the world's stranded natural gas reserves into portable liquefied natural gas (LNG), moving it ...
U.S. M&A
Prices for U.S. oil and gas reserves continue to strengthen-one producer plans to pay an eye-popping $100,000-plus per flowing barrel ...
Pay For Performance
The challenges facing energy companies across the globe are immense. To name a few: increasing reliance on remote energy sources, ...
No Safe Harbor
The devastation wrought by Katrina and Rita was a loud wake-up call for Americans. Now they know their South American ...
Proven People
Acquisitions have traditionally been measured by their fungible assets, such as associated production-the price per flowing barrel of oil equivalent ... HEADLINES
Kerr-McGee Secures Sales Agreements For Divestiture Program
Kerr-McGee Corp., Oklahoma City, (NYSE: KMG) has entered into sales agreements with multiple parties as part of its divestiture program ...
Northern Ute Indian Tribe Forms Ute Energy
The Northern Ute Indian Tribe has launched Ft. Duchesne, Utah-based Ute Energy, with John Jurrius as chief executive and Robert ...
Cardinal Resources Acquires Rudis Drilling Co.
Cardinal Resources Plc, London, (AIM: CDL) has completed the acquisition of Rudis Drilling Co. from Hares Group Ltd. for an ...
The Houston Exploration Co. To Buy South Texas Assets
The Houston Exploration Co., Houston, (NYSE: THX) plans to acquire an estimated 88 billion cubic feet of gas equivalent (75% ...
Santos Completes Acquisition Of Tipperary
Australia-based Santos Ltd. has completed the acquisition of Tipperary Corp., Denver, (Amex: TPY) for approximately $466 million, including the assumption ...
CNPC International Completes Acquisition Of PetroKazakhstan
A wholly owned subsidiary of China-based CNPC International Ltd. has completed the acquisition of PetroKazakhstan Inc., Calgary, (NYSE: PKZ) for ...
EnCana's CEO To Step Down
EnCana Corp., Calgary, (Toronto, NYSE: ECA) reports that Gwyn Morgan, the founding president and chief executive officer, plans to step ...
Kerr-McGee Acquires Trinidad & Tobago Interests
Through its Trinidad and Tobago affiliates, Kerr-McGee Oil & Gas Corp., Oklahoma City, (NYSE: KMG) has acquired a 25% interest ...
Dallas Investment Group Buys Metrix Networks
A Dallas-based technology investment group led by R. Douglas Cronk of Rampart Petroleum has purchased Grapevine, Texas-based Metrix Networks Inc., ...
Kootenay Energy Completes Acquisition
Kootenay Energy Inc., Calgary, (Toronto Venture: KTY) has completed the acquisition of a private Alberta corporation. Kootenay gains oil and gas ...
Chamaelo To Acquire Two Private Companies
Chamaelo Exploration Ltd., Calgary, (Toronto: CXN) plans to acquire privately held Tournament Energy Ltd. and a private technology company. Tournament ...
Vermilion To Buy Glacier Energy
Vermilion Energy Trust, Calgary, (Toronto: VET.UN) plans to acquire Glacier Energy Ltd. for C$6.25 per share and the assumption of ...
Berry Petroleum Acquires Additional Colorado Interests
Berry Petroleum Co., Bakersfield, Calif., (NYSE: BRY) has purchased a 50% working interest in approximately 70,000 gross (60,000 net) undeveloped ...
Phoenix Technology Income Fund Completes Purchase Of Drilling Assets
Phoenix Technology Income Fund, Calgary, (Toronto: PHX.UN) has completed the acquisition of the directional drilling assets of Wellco Energy ...
Talisman To Buy Paladin Resources
Talisman Energy Resources Ltd., a wholly owned subsidiary of Talisman Energy Inc., Calgary, (Toronto, NYSE: TLM) plans to acquire U.K.-based ...
Halliburton To Acquire Easy Well Solutions
Halliburton Energy Services Inc. and HESI Norge Holdings AS, affiliates of Halliburton, Houston, (NYSE: HAL) plan to acquire Easy Well ...
Parallel To Buy Texas Properties
Parallel LP, a subsidiary of Parallel Petroleum Corp., Midland, Texas, (Nasdaq: PLLL) plans to acquire producing and undeveloped properties from ...
Encore To Acquire Kerr-McGee Properties
Encore Acquisition Co., Fort Worth, Texas (NYSE: EAC) plans to acquire properties in the Permian Basin of West Texas and ...
Amerada Hess To Buy Egypt Interest
Amerada Hess Corp., New York City, (NYSE: AHC) plans to acquire a 55% working interest in the deepwater section of ...
Aurado Completes Sale Of Medicine River Properties
Aurado Energy Inc., Calgary, (Toronto: AEO) has completed the sale of its Medicine River, Alberta, properties to an undisclosed party ...
Waveform Acquires Additional Saskatchewan Lands
WaveForm Energy Ltd., Calgary, (Toronto Venture: WE) has acquired additional lands in southeast Saskatchewan from an undisclosed party. This acquisition ...
Occidental To Acquire Vintage For $3.8 Billion
Occidental Petroleum Corp., Los Angeles, (NSYE: OXY) plans to acquire Vintage Petroleum Inc., Tulsa, Okla., (NYSE:VPI) for $20 in cash ...
Total's Offer For Deer Creek Expires
Total E&P Canada Ltd.'s offer for Deer Creek Energy Ltd., Calgary, (Toronto: DCE) has expired. Under this offer, Total Canada ...
Sheer Energy Completes Business Combination
Sheer Energy Inc., Calgary, (Toronto Venture: SHU) has completed the business combination of privately held, Jersey, Channel Isles-based Farmkey Investment ...
Transco Resources To Combine With CEP International
Transco Resources Corp., Calgary, (Toronto Venture: TRN) plans to merge with CEP International Petroleum Ltd. CEP is a private company ...
Newfield Signs Joint Development Agreement With Exxon
Newfield Exploration Co., Houston, (NYSE: NFX) has signed an agreement with Irving, Texas-based ExxonMobil Corp. (NYSE: XOM) to jointly explore ...
Unit To Buy Properties For $82.4 Million
Unit Petroleum Co., a wholly owned subsidiary of Unit Corp., Tulsa, Okla., (NYSE: UNT) plans to acquire oil and gas ...
Richards Completes Purchase Of Lacombe Acreage
Richards Oil & Gas Ltd., Calgary, (Toronto Venture: RIX) has completed the purchase of 12,320 gross acres in the Lacombe ...
Tuscany To Acquire Private Company
Tuscany Energy Ltd., Calgary, (Toronto Venture: TUS) plans to acquire a private oil and gas company with properties in west ...
Whiting Closes North Ward Estes Field Acquisition
Whiting Petroleum Corp., Denver, (NYSE: WLL) has completed the acquisition of the operated interest in the North Ward Estes field ...
Kerr-McGee Completes Sale Of Four North Sea Fields
Kerr-McGee Corp., Oklahoma City, (NYSE: KMG) has completed the sale of its interests in four nonoperated fields in the U.K. ...
Enerplus Resources Completes Acquisition Of Sleeping Giant
Canadian royalty trust Enerplus Resources Fund, Calgary, (Toronto, NYSE: ERF) has closed the acquisition of privately held, U.S.-based Sleeping Giant ...
Cardinal Resources To Acquire Ukraine-Based Rudis Drilling
Cardinal Resources Plc, London, (AIM: CDL) has entered into an agreement with Hares Group Ltd. to acquire Ukraine-based Rudis Drilling ...
Sequoia Completes Acquisition Of Alberta Assets
Sequoia Oil & Gas Trust, Calgary, (Toronto: SQE.UN) has acquired all of the Alberta oil and gas assets of Calgary-based ...
Chesapeake To Acquire Columbia Natural Resources For $2.2B
Chesapeake Energy Corp., Oklahoma City, (NYSE: CHK) plans to acquire Columbia Natural Resources LLC and certain affiliated entities from West ...
Baytex Energy Trust To Acquire SK Properties
Baytex Energy Trust, Calgary, (Toronto: BTE.UN) plans to acquire certain properties in the Celtic area of Saskatchewan for C$73 million, ... COMPANIES IN THIS ISSUE
Companies in This issue
Abraxas Petroleum Corp. 43 AG Edwards 85 Albrecht & Associates 50 Anadarko Petroleum Corp. 14, 51, 71, 73, 112, 114, ... |
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