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Magazine - May 2005

More than 60 drilling rigs are at work in Kansas today-eight or so are the large, rotary type that are


FEATURES
MEDICINE BOW

These days it is not uncommon for savvy operators-and their financial backers-to form new E&P companies, grow them rapidly into ...

HARTSHORNE HORIZONTALS

Gas has been produced from coal seams in Oklahoma as long ago as the 1930s. But today the Sooner State ...

ULTRA-DEEP ULTRA-EXCITING

From Alaminos Canyon through Walker Ridge stretches a trend that is the very frontier of the Gulf of Mexico. Here, ...

SIMPSON'S SUCCESS

In 1985, Bob Simpson had been with Southland Royalty Co. for nearly a decade when it was bought in a ...

UP, UP AND AWAY - MAYBE

With the Oilfield Service Index (OSX) up 23% through most of first-quarter 2005, hardly any investor needs to be told ...

NEWSWELL
 
FROM THE EDITOR-IN-CHIEF
THIS JUST IN...

Here's a farcical example of some of the press releases that are arriving at our editors' desks daily from a ...

COMPLETIONS
$12 - X = $13.64

How does one turn a $12 asset minus three years of production into $13.64 or more? Ask any U.S. asset-seller ...

TRENDS AND ANALYSIS
F&D Costs

Finding and development costs for drilling alone, for drilling plus reserve revisions, and for acquisitions increased last year, furthering a ...

E&P MOMENTUM
WAVES OF CHANGE

The seismic industry should soon enjoy a long growth period, according to Bob Peebler, president and chief executive officer of ...

EXPLORATION HIGHLIGHTS
EASTERN U.S.

1 Shell Exploration Inc., Houston, has scheduled as many as five deepwater wells on its DeSoto Canyon 268 Block in ...

GULF COAST

1 Allied Energy Corp., Bowling Green, Va., has built the location for its Allied Oakwood #1A exploratory well in Leon ...

MIDCONTINENT & PERMIAN BASIN

1 Stroud, Okla.-based Coleman Production LLC staked two wildcats in a remote, nonproducing area 1.5 miles southwest of Wamego, Kan., ...

WESTERN U.S.

1 Pioneer Oil & Gas Co., South Jordan, Utah, completed its #1 Yankee Mine West wildcat in Section 21-21n-57e in ...

INTERNATIONAL HIGHLIGHTS

U.S.-based companies did quite well in the first licensing round held by Libya in some 20 years. Occidental Petroleum, ChevronTexaco ...

NEW FINANCINGS
New Financings - Equity/Debt table

Equity Company Exchange / Symbol Headquarters Amount Comments Grey Wolf Exploration Inc. Toronto: GWE San Antonio US$57 million Closed its initial public offering. The offering was led by CIBC ...

COMPANY BRIEFS
Petrohawk takes deals to >$1B with Mission

Petrohawk Energy Corp., Houston, (Nasdaq: HAWK) plans to acquire Mission Resources Corp., Houston, (Nasdaq: MSSN) for stock, $135 million in ...

XTO to speed up acquisition efforts

The acquisitive Fort Worth-based XTO Energy Inc. (NYSE: XTO) has accelerated its acquisition efforts in the past three years because ...

XEC will reassume low-debt profile

Denver-based Cimarex Energy Co. (NYSE: XEC) is relatively inconspicuous, says Mick Merelli, president, chief executive officer and chairman. "We're moving ...

Additional briefs

• Houston-based Quantum Energy Partners III LP and Chuck Perrin have formed Tulsa-based Rockford Energy Partners II LLC with a ...

M&A news...

• ChevronTexaco (NYSE: CVX) has made an offer valued at $18 billion to buy Unocal Corp., (NYSE: UCL) forming an ...

ON THE MONEY
A CAUTIOUS GATHERING

On the first Monday of April, a number of events converged in the energy arena: ChevronTexaco announced its $18-billion bid ...

EDITORS COMMENT
HEADLINES
COMPANIES IN THIS ISSUE
Companies in This Issue

A.G. Edwards & Sons 26, 61 Acon Investments LLC 85 Admiral Bay Resources Inc. 85 Admiral Bay Resources Inc. 39 Advantage Resources 86 Air Liquide 19 Air Products and Chemicals 19 Albrecht & Associates ...



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