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Early this fall, the capital canyons of Wall Street were filled with myriad puddles, as eight straight days of rain FEATURES
CUTTING-EDGE OIL RECOVERY
Popularity is surging for all sorts of oil-recovery projects, due to today's robust commodity prices. While much attention currently swirls ...
SOUTHWESTERN'S SHALE
Some E&P veterans lament that the days of wildcatting are long gone. In the offices of Southwestern Energy Co., wildcatting ...
OTHER WAYS TO INVEST IN E&P
The oil and gas market is still red hot, and investors with varying levels of experience want in on the ...
ADJUSTING THE HEDGE PORTFOLIO
E&P firms typically hold hedge positions to settlement. Few firms have a hedge policy that would allow them to do ...
THE LOBO LIVES ON
Zapata County, the west flank of South Texas, produces more natural gas each year than any other Texas county. Its ... NEWSWELL
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FROM THE EDITOR-IN-CHIEF
Higher for Longer
The day I wrote this, the standard-bearers of the American oil industry strode into a Senate committee chamber to face ... COMPLETIONS
Rip Tide
Several Gulf of Mexico operators may be visiting their insurance brokers in London in the coming months in meetings that ... TRENDS AND ANALYSIS
DAYRATES
Attractive prospects at current oil and gas prices and a shortage of rig equipment are catapulting dayrates for offshore as ... E&P MOMENTUM
CANADA'S BEAUFORT SEA
Devon Canada Corp., a unit of Oklahoma City-based Devon Energy Corp., will spud the first well in 15 years in ... EXPLORATION HIGHLIGHTS
Eastern U.S.
1 Denbury Onshore LLC, Plano, Texas, marked a discovery at its #1 Richards "35-2" wildcat on the northern flank of ...
Gulf Coast
1 A discovery rewarded drilling efforts by Barrow-Shaver Resources Co., Tyler, Texas, as it completed the #1 Shiels Unit in ...
Midcontinent & Permian Basin
1 Red Oak Energy Inc., Wichita, Kan., received a permit to drill a wildcat seven miles south and slightly west ...
Western U.S.
1 The FEX LP subsidiary of Talisman Energy Inc., Calgary, plans as many as eight exploratory wells in the northwestern ...
International Highlights
BP has made its ninth discovery on Angola's deepwater Block 31. The Hebe-1 was drilled in 2,008 meters of water ... NEW FINANCINGS
Equity/Debt Table
Equity Rosetta Resources Inc. NA Houston US$950 million Plans an initial public offering of 50 million common shares at an estimated US$19 per share. Southwestern ... COMPANY BRIEFS
PDC to restate financials
Petroleum Development Corp., Bridgeport, W.Va., (Nasdaq: PETD) reports that it will file amendments to its 2004 annual report and first-quarter ...
Additional news
The Northern Ute Indian Tribe has formed Fort Duchesne, Utah-based Ute Energy, with John Jurrius as chief executive and ...
M&A news
Chesapeake Energy Corp., Oklahoma City, (NYSE: CHK) plans to acquire 19.9% of the common shares of Houston-based Gastar Exploration ... ON THE MONEY
OIL PRICE OUTLOOK
Believe it or not, OPEC isn't all that comfortable with $60 or $65 oil. That's the appraisal of Fadel Gheit, ... EDITORS COMMENT
Energy Upheaval Ahead?
The pressure to keep up with the U.S. appetite for oil is never-ending, but most E&P companies refuse to stop ...
McClendon: Overpaying For Assets
"Our motto is to always overpay," says Aubrey McClendon, chairman and chief executive of Chesapeake Energy Corp., one of the ...
Southwestern's Shale
Some E&P veterans lament the days of wildcatting are long gone. In the offices of Southwestern Energy Co., wildcatting remains ...
Other Ways To Invest In E&P
The oil and gas market is still red hot, and investors with varying levels of experience want in on the ...
The Lobo Trend Lives On
Zapata County, the very tip of South Texas, produces more natural gas each year than any other Texas county. Its ...
Higher For Longer
The day I wrote this, the standard-bearers of the American oil industry strode into a Senate committee chamber to face ...
Dayrates
Attractive prospects at current oil and gas prices and a shortage of rig equipment are catapulting dayrates for offshore as ...
Chemical Romance
Chemical-recovery processes have been around for decades, but have not been heavily used in North America. Of daily production of ...
Crosscurrent
Several Gulf of Mexico operators may be visiting their insurance brokers in London in the coming months in meetings that ...
Crowded Capital Markets
Early this fall, the capital canyons of Wall Street were filled with myriad puddles, as eight straight days of rain ...
Canada's Beaufort Sea
Devon Canada Corp., a unit of Oklahoma City-based Devon Energy Corp., will spud the first well in 15 years in ...
Oil Price Outlook
Believe it or not, OPEC isn't all that comfortable with $60 or $65 oil. That's the appraisal of Fadel Gheit, ...
Appalachian, Illinois Basins Continue To Hold Great Oil, Gas Potential
What's to be done when there is little opportunity left for domestic greenfield exploration and production? For one, go back ...
Adjusting The Hedge Portfolio
E&P firms typically hold hedge positions to settlement. Few firms have a hedge policy that would allow them to do ... HEADLINES
Omni To Acquire Preheat
Omni Energy Services Corp., Carencro, La., (Nasdaq: OMNI) plans to acquire Preheat Inc. for $16 million in cash, and the ...
Oasis Group Back In Libya
After a 19-year absence, the Oasis Group partners, Amerada Hess Corp., (NYSE: AHC) ConocoPhillips (NYSE: COP) and Marathon Oil (NYSE ...
Paramount To Acquire Calgary E&P Company
Paramount Energy Trust, Calgary, (Toronto: PMT.UN) plans to acquire a private Calgary-based company active in gas exploration and development in ...
Swift Acquires Bearhead Creek Interests
Swift Energy Co.,Houston, (NYSE:SFY)has acquired additional interests in the South Bearhead Creek Field in Beauregard Parish, La., for $5.75 million. ...
KCS Snags Gulf Coast Asset
KCS Energy Inc., Houston, (NYSE: KCS) has acquired an onshore Gulf Coast property from an undisclosed seller for $24.8 million. ...
Virgo Energy Plc Formed For North Sea E&P
Grove Energy Ltd., Vancouver, (Toronto Venture: GRV) plans to merge its U.K. E&P assets with those of privately held, U.K.-based ...
ARC Closes Acquisitions Of Central Alberta Assets
ARC Energy Trust, Calgary, (Toronto: ARX) has closed the purchase of shares in wholly owned subsidiary companies of Calgary-based Imperial ...
ONGC & CNPC To Buy Syrian Assets From Petro-Canada
A joint venture of companies owned by India's Oil and Natural Gas Corp. Ltd. (ONGC) and the China National Petroleum ...
Petrofund Closes Acquisition Of Kaiser Energy
Petrofund Energy Trust, Calgary, (Toronto: PTF.UN; Amex: PTF) has closed the acquisition of privately held, Canada-based Kaiser Energy Ltd. for ...
Producers Oilfield Completes Acquisition Of Supply-Rite Rentals
Producers Oilfield Services Inc., Calgary, (Toronto: POS) has closed the acquisition of privately held, Airdrie, Alberta-based Supply-Rite Rentals Ltd. for ...
Energen Closes Acquisition Of Permian Basin Properties From EnerVest
Energen Resources Corp., the oil and gas acquisition and development subsidiary of Energen Corp., Birmingham, Ala., (NYSE: EGN) has closed ...
Norsk Hydro Closes Acquisition Of Spinnaker
Norsk Hydro ASA, Oslo, Norway, (NYSE: NHY) has closed the acquisition of Houston-based, Gulf-focused Spinnaker Exploration Co. (NYSE: SKE) for ...
Total E&P Canada Completes Purchase Of Deer Creek Energy
Deer Creek Energy Ltd., Calgary, (Toronto: DCE) has completed its amalgamation with 1202655 Alberta Ltd., a wholly owned subsidiary of ...
Newfield Signs PSC With CNOOC
Newfield Exploration Co., Houston, (NYSE: NFX) has signed a production sharing contract for Block 17/08 in the Pearl River Mouth ...
Warren Resources To Buy LA Basin Properties
Warren Resources of California Inc. and Warren E&P Inc., subsidiaries of Warren Resources Inc., New York, (Nasdaq: WRES) plan to ...
ConocoPhillips To Buy Burlington Resources
ConocoPhillips, Houston, (NYSE: COP) plans to acquire Houston-based Burlington Resources Inc. (NYSE: BR) in a transaction valued at $35.6 billion. ...
Lime Rock Resources Closes With $450MM In Commitments
Houston-based Lime Rock has completed the final closing of Lime Rock Resources, a private equity fund with total capital commitments ...
Enterra To Acquire Oklahoma Assets
Enterra Energy Trust, Calgary, (Nasdaq: EENC; Toronto: ENT.UN) plans to acquire producing wells, undeveloped land and an operating company with ...
Pyramid Enters Into Qualifying Transaction
Pyramid Petroleum Inc., Calgary, (Toronto Venture: PYR) has entered a letter of intent for its qualifying transaction as a capital ...
Vermilion Energy Trust Closes Acquisition Of Glacier Energy
Vermilion Energy Trust, Calgary, (Toronto: VET.UN) has completed the acquisition of Glacier Energy Ltd. for C$6.25 per share and the ...
Crescent Point To Acquire Saskatchewan Assets
Crescent Point Energy Trust, Calgary, (Toronto: CPG.UN) plans to acquire approximately 5,000 barrels of oil equivalent per day of oil ...
Arc Energy Trust Buys Alberta Interests For C$462MM
Arc Energy Trust, Calgary, (Toronto: ARX) plans to purchase shares in wholly owned subsidiary companies of Calgary-based Imperial Oil Resources ...
IHS Acquires Content And Data Services Business From i2 Technologies
IHS Inc., Englewood, Colo., (NYSE: IHS) has acquired the content and data services business of Dallas-based i2 Technologies Inc. (Nasdaq: ...
NGP Energy Capital Closes Fund 8
NGP Energy Capital Management, Irving, Texas, has closed three new funds with aggregate capital of $1.7 billion. These funds include ...
EnergyQuest Resources Closes Three Acquisitions
EnergyQuest Resources LP, Houston, a portfolio company of Houston-based Quantum Energy Partners, and investment affiliates Kansas Processing EQR LLC and ...
Hilcorp Energy Acquires Kerr-McGee Assets
Houston-based, privately held Hilcorp Energy Co. has closed on a transaction with Kerr-McGee Corp. (NYSE: KMG) to acquire various interests ...
Rowan To Construct Additional Rigs
Rowan Cos. Inc., Houston, (NYSE: RDC) plans to construct two jack-up rigs to add to its offshore fleet. The rigs will ...
Cobalt International Launched For Deepwater GOM Exploration
Houston-based Cobalt International Energy LP has been launched with $500 million in financial backing from Carlyle/Riverstone and Goldman Sachs Capital ...
Howard Weil Becomes Independent
Employees of New Orleans-based Howard Weil Inc. have purchased the firm from Citigroup. Citigroup originally acquired Howard Weil when it ...
Producers Oilfield Acquires Raydan Transport & NWP Trucking
Producers Oilfield Services Inc., Calgary, (Toronto: POS) has closed the acquisitions of privately held, Nisku, Alberta-based Raydan Transport Ltd. and ...
Cano Petroleum Completes Acquisition Of WO Energy
Cano Petroleum, Fort Worth, Texas, (Amex: CFW) has closed the acquisition of Pampa, Texas-based WO Energy for $55.2 million, including ...
Ensign Acquires Action Oil Field & Action Energy Services
Ensign United States Drilling Inc., a wholly owned subsidiary of Ensign Energy Services Inc., Calgary, (Toronto: ESI) has acquired Action ...
Westside Energy To Acquire Barnett Shale Acreage
Westside Energy Corp., Houston, (Amex: WHT) plans to acquire 100% of the partnership interests and assume certain debt of EBS ...
Bonnett's Energy Services Acquires Hess Oilfield Services
Bonnett's Energy Services Trust, Grand Prairie, Alberta, (Toronto: BT.UN) has closed the acquisition of Fort St. John, British Columbia-based Hess ... COMPANIES IN THIS ISSUE
Companies in This Issue
A.G. Edwards & Sons 52 Abercrombie Energy LLC 72 Aberforth Partners 90 Advantage Energy Trust 28 Aera Energy LLC 63 Albrecht & Associates 44 Amerada Hess Corp. 86 American Exploration Co. 45 Aminex 77 Anadarko Petroleum 92 Andes Petroleum Co. 42 Apache ... |
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