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Magazine - March 2005

This January, umbrella sales were going through the roof in rain-drenched San Francisco and Los Angeles, which got their average


FEATURES
2004 OIL AND GAS INVESTOR EXCELLENCE AWARDS

What makes a winner? Last year, high oil and gas prices lifted many companies and executives to higher plains of ...

ONE HIGH-ENERGY GUY

No doubt about it, 2004 was an incredible time to be a chief executive officer. Who can argue with stock ...

BIG FISH

A year ago, Floyd Wilson had his Petrohawk Energy LLC team together and capitalized, forming the latest in his series ...

CREATING CREDIBILITY

In 1998, Houston's Southwestern Energy Co. (NYSE: SWN) had a tough hill to climb. The small-cap integrated energy company-focused primarily ...

SMOKIN' CAPITAL

For small-cap E&P companies, the ability to access capital quickly-and in a cost-efficient manner-can be the deciding factor in capturing ...

CEDAR HILLS

Cedar Hills Field lies on the southern plunge of the Cedar Creek Anticline, a well-known, 100-mile-long structure that has been ...

GOODWILL AMBASSADORS

It's one thing to drill a well on a remote plain 40 miles from the nearest town or ranch gate. ...

GOBBLE OR GO

Well-funded energy royalty trusts continue to put pressure on the Canadian asset marketplace as they remain somewhat restricted to the ...

NEWSWELL
 
FROM THE EDITOR-IN-CHIEF
RIDING the WAVE

How much longer can this go on? Now that results for 2004 are in, we know the rising tide lifted ...

COMPLETIONS
DOOR NO.3

The "troubled E&P company" seems to be a problem of the past in this continued environment of strong oil and ...

TRENDS AND ANALYSIS
BULLISH OUTLOOKS

Most observers remain bullish on the direction of oil and gas prices in 2005, notwithstanding the record price run-up of ...

E&P MOMENTUM
WASHINGTON STATE WILDCAT AIMS DEEP

A high-profile wildcat is planned for Washington State by the U.S. unit of Calgary-based EnCana Corp. The operator's #1 Anderville ...

EXPLORATION HIGHLIGHTS
EASTERN U.S.

1 Anadarko Petroleum Corp., The Woodlands, Texas, added the Daredevil prospect to its Lloyd Ridge exploration program in the eastern ...

GULF COAST

1 Samson Lone Star LP, Tulsa, Okla., received a permit to drill an 8,900-ft. wildcat in Shelby County, Texas, (RRC ...

MIDCONTINENT & PERMIAN BASIN

1 Palomino Petroleum Inc., Newton, Kan., staked a remote wildcat in a nonproducing region of the northern Hugoton Embayment in ...

WESTERN U.S.

1 Methane Energy Corp., Maple Valley, Wash., is evaluating a couple of wildcats in township 26s-13w in Coos County, Ore. ...

INTERNATIONAL HIGHLIGHTS

Several deals are in the news in the U.K. portion of the central North Sea, as prospective acreage moves into ...

NEW FINANCINGS
New Financings - Equity/Debt table

Equity Company Exchange / Symbol Headquarters Amount Comments W&T Offshore Inc. NYSE: WTI Houston US$240 million Sold 12.65 million shares in an initial public offering ...

COMPANY BRIEFS
Cimarex reserves to triple with Magnum

The Cimarex Energy Co. (NYSE: XEC) deal for Magnum Hunter Resources Inc. (NYSE: MHR) made for stunned talk the opening ...

Pogo's plan has analysts on edge

Several analysts expressed cautious reassurance, while others responded with concern-and sharply reduced ratings-upon news of Pogo Producing Co.'s (NYSE: PPP) ...

Pioneer does VPP on Hugoton, Spraberry output

Pioneer Natural Resources Co. (NYSE: PXD) has sold 2% of total company reserves, or 20.5 million BOE, by means of ...

Jefferies gains A&D arm in buying Randall & Dewey

Jefferies Group Inc., New York, (NYSE: JEF) has acquired M&A advisement firm Randall & Dewey, which has offices in Houston, ...

WTO applies creativity to oil-sands projects

Participating in a massive heavy-oil-sands project in northern Alberta requires a great deal of financial creativity and flexibility, according to ...

Additional news

• Tom J. Morrow has formed Access Exploration Corp., Houston, to invest onshore and offshore, and arrange investment funds. Morrow ...

M&A news...

• Bonavista Energy Trust et al. have purchased British Columbia assets from Dominion, Richmond, Va., (NYSE: D) in five transactions ...

ON THE MONEY
EXPLOITING A NICHE

Since 1984, the strategy of Kayne Anderson Capital Advisors LP, a Los Angeles-based investment firm, has been to identify and ...

EDITORS COMMENT
HEADLINES
COMPANIES IN THIS ISSUE
Companies in This Issue

3Tec Energy 45 A.G. Edwards & Sons 60 A.G. Edwards & Sons 50 Access Exploration Corp. 92 Acclaim Energy Trust 21 Advantage Energy 63 Affiliated Holdings Inc. 75 AIG Financial Products Corp. 92 Albrecht & Associates ...



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