Hart Energy Publishing
Magazine - October 2006

Often during the ups and downs of the energy industry's cycles, people dismiss the front-running offshore plays-Gulf of Mexico and


FEATURES
MARFA BASIN

There's an adage in the business that the best places to look for oil and gas are where they have ...

PREFERENTIAL RIGHTS

Given the rising price of oil and natural gas in recent years, M&A activity in the industry, particularly the number ...

THE CAPITAL PUSH

High commodity prices and record returns on investments have turned the oil and gas sector into a powerful capital magnet. ...

ABOVE RANGE

Although it was started as an Appalachian Basin-focused, penny-stock independent in the early 1970s, the current-day Range Resources Corp. (NYSE: ...

SERVICE-SIDE IPOs

With the U.S. rig count now more than 1,700-a three-fold increase from a decade ago-the oil-service sector is seeing a ...

BETTING ON THE CURVE

It's good to be a resource play in the U.S. M&A space this year. The first half of 2006 has ...

NEWSWELL
 
FROM THE EDITOR-IN-CHIEF
PATIENCE, PATIENCE

The hoopla about the Jack well in the deepwater Gulf of Mexico's Lower Tertiary trend, and the first flow of ...

COMPLETIONS
Strange-Mance

Free markets correct themselves, usually too quickly for an amateur to participate and, thankfully, too fast for government to interfere. ...

TRENDS AND ANALYSIS
Canadian Results

Corporate performances of Canadian oil and gas firms in 2005 were sterling, reports Calgary-based investment banker FirstEnergy Capital Corp. Producers ...

E&P MOMENTUM
Volatile Venezuela

Trying to be a foreign oil producer in Venezuela can be a dicey proposition these days. However, where some companies ...

EXPLORATION HIGHLIGHTS
Eastern U.S.

1 Tellus Operating Group LLC, Ridgeland, Miss., plans a wildcat to evaluate Smackover in Section 25-4n-9e in Conecuh County in ...

Gulf Coast

1 Burlington Resources Oil & Gas Co. LP, Houston, will drill a deep wildcat in Leon County, Texas (RRC 5). ...

Midcontinent and Permian Basin

1 A 3,980-ft. test planned by RL Investment LLC will evaluate members of the Lansing-Kansas City group. The #1 Minium, ...

Western U.S.

1 ConocoPhillips, Houston, reported a satellite discovery to Alpine Field on Alaska's North Slope. The #CD2-404 Colville River Unit well ...

International Highlights

Onshore and offshore projects are keeping Shell hopping in Egypt. During 2006, Shell plans to participate in more than 10 ...

NEW FINANCINGS
New Financings

...

COMPANY BRIEFS
CNR offers US$4.1B for Anadarko Canada

Canadian Natural Resources Ltd., Calgary, (Toronto, NYSE: CNQ) plans to acquire Anadarko Canada Corp., a subsidiary of Anadarko Petroleum Corp., ...

EPL rejects Woodside bid; offer for Stone remains

Energy Partners Ltd., New Orleans, (NYSE: EPL) has rejected the unsolicited offer from ATS Inc., a Covington, La.-based subsidiary of ...

ERT wins deepwater assets; to produce using floating unit

The owners of Typhoon were Chevron (50%) and BHP Billiton (50%); the owners of Boris were BHP Billiton (50%), Chevron ...

Riata Energy to take in NEG for $1.5B

Privately held Riata Energy Inc., Oklahoma City, has made a bid to acquire Dallas-based NEG Oil & Gas LLC, a ...

Chesapeake to take stake in Chaparral

Chesapeake Energy Corp., Oklahoma City, (NYSE: CHK) plans to acquire a 32% equity interest in privately held Oklahoma City-based Chaparral ...

CGG to acquire Veritas DGC

Compagnie Générale de Géophysique, Massy, France, (NYSE: GGY) plans to acquire Veritas DGC Inc., Houston, (NYSE: VTS) for US$3.1 billion ...

Crescent buys position in Canadian Bakken

Crescent Point Energy Trust, Calgary, (Toronto: CPG.UN) plans to acquire Mission Oil & Gas Inc., Calgary, (Toronto: MSO) for C$760 ...

Additional news

• Denver-based energy investment banker Petrie Parkman & Co. Inc. have filed for an IPO on the NYSE. The number ...

M&A news

• Ipsco Inc., Lisle, Ill., (NYSE, Toronto: IPS) plans to acquire NS Group Inc., Newport, Ky., (NYSE: NSS) for $66 ...

ON THE MONEY
Upstream Spending Soars

A lot of jittery investors these days appear to be buying into market fears that commodity prices and oil and ...

EDITORS COMMENT
Buysiders Hunt For Growth, Value Stories At Denver Conference

Late this summer, more than 1,000 buysiders went to the Mile High City in search of growth stories among 95 ...

Walker: Irrational Exuberance May Be Afflicting E&P Capital Decision-Makers

Industry leader John Walker says the abundance of capital available to oil and gas producers should be used wisely. "All ...

The Capital Push

High commodity prices and record returns on investments have turned the oil and gas sector into a powerful capital magnet. ...

Giusti: Policies Affecting Development Of Fertile Latin American

Latin American countries represent a fertile ground for oil and gas exploration though various local politics may impact access, according ...

Strange-Mance

Free markets correct themselves, usually too quickly for an amateur to participate and, thankfully, too fast for government to interfere. ...

Capital Finding Home With Small Producers, Early-Stage Ventures

Finding a lending niche is the key to staying one step ahead of the competition and commodity-price fluctuations, according to ...

Upstream Spending Soars

A lot of jittery investors these days appear to be buying into market fears that commodity prices and oil and ...

Betting On The Curve

It's good to be a resource play in the U.S. M&A space this year. The first half of 2006 has ...

Service-Side IPOs

With the U.S. rig count now more than 1,700-a three-fold increase from a decade ago-the oil-service sector is seeing a ...

Integrateds Push For More Upside In Second Quarter

For many of the integrated oil companies, strong balance sheets and diverse operations helped most weather commodity-price fluctuations, political dramas ...

North Sea Dreams

Often during the ups and downs of the energy industry’s cycles, people dismiss the front-running offshore playsâ€"Gulf of Mexico and ...

Message To OPEC: A Little More Clarity Please, Analyst Says

Perhaps it's time for just a bit more perspective-and a bit more clarity-from OPEC. Does it intend to sit back ...

Patience, Patience

The hoopla about the Jack well in the deepwater Gulf of Mexico's Lower Tertiary trend, and the first flow of ...

$50 Billion Of Cash Flow Was Chasing $15 Billion Of Assets For Sale In 2005

While the supply of oil and gas assets for sale has increased in the past few years, it is still ...

$50 billion Of Cash Flow Was Chasing $15 billion Of Assets For Sale In 2005

While the supply of oil and gas assets for sale has increased in the past few years, it is still ...

Robertson: Lower Tertiary, MLPs Hot Topics Now; Rockies Gas Is Not Hot

The Lower Tertiary in the Gulf of Mexico is hot, says Jeff Robertson, an E&P analyst for Lehman Brothers in ...

Chevron’s Jack #2 May Point To Up To 15 Billion BOE

For several analysts, the record-setting test results from Chevron Corp.’s Jack #2 well at Walker Ridge Block 758 in the ...

Marfa Basin

There's an adage in the business that the best places to look for oil and gas are where they have ...

Sayer: Canadian Producers Seek Fewer Dollars In First Half

Canadian producers raised C$7.3 billion in the first six months of 2006, down from C$8.5 billion in the similar period ...

Medicine Bow's Solich Trying Hand At Private-Equity Placement

When Mitch Solich, senior managing director of Denver-based SB Energy Partners, formed Shenandoah Energy in December 1999, he aimed to ...

HEADLINES
Jed Oil Plans To Sell East Ferrier Assets

Jed Oil Inc., Calgary, (Amex: JDO) plans to sell its working interests in the East Ferrier area of Alberta to ...

Chesapeake Acquires Assets In Texas And Oklahoma

Chesapeake Energy Corp., Oklahoma City, (NYSE: CHK) has acquired or is in the process of acquiring assets in South Texas, ...

Talisman Energy Names Dolan CFO

Talisman Energy Inc., Calgary, (Toronto, NYSE: TLM) has named Phil Dolan vice president of finance and chief financial officer. He ...

Barclays Capital Invests In NGP Energy Capital Management

Barclays Capital, the investment banking division of Barclays Bank Plc, London, has acquired a 40% stake in private equity firm ...

Citic To Acquire Kazak Assets From Nations Energy

According to Bloomberg, China International Trust & Investment Corp. (Citic), a Chinese state investment company, plans to acquire the Kazakhstan ...

California Utility Acquires Barnett Shale Assets

Southern California Public Power Authority, representing the cities of Anaheim, Colton, Burbank and Pasadena, Calif. and irrigation provider Turlock Irrigation ...

Allis-Chalmers To Acquire Oil & Gas Rental Service's Assets

Allis-Chalmers Energy Inc., Houston, (Amex: ALY) plans to acquire substantially all the assets of Oil & Gas Rental Services Inc., ...

Noble Corp. Names Mitchell Senior VP And CFO

Noble Corp., Sugar Land, Texas, (NYSE: NE) has named Thomas L. Mitchell senior vice president and chief financial officer. He ...

Shell Plans To Acquire Remaining Interest In Shell Canada

Royal Dutch Shell Plc, London, (NYSE: RDS.A) plans to acquire the minority interest in Shell Canada Ltd., Calgary, (Toronto: SHC) ...

Merrill Lynch To Acquire Petrie Parkman

Merrill Lynch, New York, (NYSE: MER) plans to acquire Petrie Parkman & Co., Denver and Houston, for an undisclosed amount. Petrie ...

National Oilwell Varco Plans To Acquire NQL Energy

A Canadian subsidiary of National Oilwell Varco Inc., Houston, (NYSE: NOV) plans to acquire NQL Energy Services Inc., Calgary, (Toronto: ...

Complete Acquires Eight Oilfield Service Providers

Complete Production Services Inc., Houston, (NYSE: CPX) has acquired eight companies involved in oilfield service in key basins of North ...

Crew Energy To Acquire Private Alberta Producer

Crew Energy Inc., Calgary, (Toronto: CR) plans to acquire an undisclosed private Alberta-based producer for approximately C$61.8 million in stock ...

Allis-Chalmers Acquires Petro Rentals

Allis-Chalmers Energy Inc., Houston, (Amex: ALY) has acquired Petro Rentals Inc., Broussard, La., for approximately $29.8 million in cash, including ...

El Paso E&P Names Smolik President

El Paso Corp., Houston, (NYSE: EP) has named Brent J. Smolik president of El Paso Exploration & Production Co. He ...

Unit Closes Acquisition Of Brighton Energy

Unit Petroleum Co., a subsidiary of Unit Corp., Tulsa, Okla., (NYSE: UNT) has acquired privately owned Tulsa-based Brighton Energy LLC ...

Swift Plans To Acquire Louisiana Assets From BP

Swift Energy Co., Houston, (NYSE: SFY) plans to acquire majority working interests in five primarily onshore South Louisiana properties from ...

Chesapeake Takes Over Dale Resources' Barnett Shale Operations

Chesapeake Energy Corp., Oklahoma, City, (NYSE: CHK) has acquired the approximately 61% working interest in the West Fork project in ...

Dune To Acquire 95% Of Voyager's Barnett Shale Assets

Dune Energy Inc., Houston, (Amex: DNE) plans to acquire the 95% interest in assets in North Texas of Texas-based Voyager ...

Grant Prideco Acquires Anderson Group

Grant Prideco Inc., Houston, (NYSE: GRP) has acquired Aberdeen, Scotland-based Anderson Group Ltd. (Andergauge Ltd.) and related companies for US$115.7 ...

Energy Partners Cancels Acquisition Of Stone

Energy Partners Ltd., New Orleans, (NYSE: EPL) has terminated its plan to acquire Stone Energy Corp., Lafayette, La., (NYSE: SGY) ...

Queensland Rejects Santos' Bid

Queensland Gas Co. Ltd., Brisbane, Australia, (Australia: QGC) has rejected the offer from Santos CSG Pty Ltd., a subsidiary of ...

BlackWatch Acquires Elite Oilfield Rentals

BlackWatch Energy Services Trust, Calgary, (Toronto: BWT.UN) has acquired Elite Oilfield Rentals, Valleyview, Alberta for a combination of cash, stock ...

Santos To Acquire Queensland Gas

Santos CSG Pty Ltd., a subsidiary of Santos Ltd., Adelaide, Australia, (Nasdaq: STOSY, Australia: STO) plans to acquire Queensland Gas ...

Occidental Acquires California And West Texas Assets From Plains

Occidental Petroleum Corp., Los Angeles, (NYSE: OXY) has acquired oil and gas assets adjacent to Occidental's existing operations in California ...

Talisman Plans To Acquire North Sea Assets

Talisman Energy (UK) Ltd., the U.K.-based subsidiary of Talisman Energy Inc., Calgary, (Toronto, NYSE: TLM) plans to acquire the combined ...

Pengrowth Acquires Esprit Energy

Pengrowth Energy Trust, Calgary, (Toronto: PGF-A, PGF-B; NYSE: PGH) has acquired Esprit Energy Trust, Calgary, (Toronto: EEE.UN) for approximately C$1.3 ...

Exco Closes Acquisition Of Winchester

A subsidiary of Exco Resources Inc., Dallas, (NYSE: XCO) has acquired Winchester Energy Co. Ltd. and its affiliated entities from ...

COMPANIES IN THIS ISSUE
Companies in This Issue

A&D Watch133 A.G. Edwards & Sons42, 121 A.G. Edwards & Sons95 Advantage Energy Income Fund37 Alamo ...



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