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Operators of all sizes are bent on extracting gas from the Paleozoic sediments of the Appalachian Basin to FEATURES
BELIZE
The smallest Central American country has become the newest, commercial hydrocarbon producer on the world scene, and a privately held ...
CANADIAN GAS SUPPLY
Maple Leaf gas producers plan more wells next year, but will sinking gas prices have management teams rethinking capex budgets? ...
CAPITAL CHOICES
Whether it's mezzanine debt or private equity for private or public entities, plenty of capital-raising alternatives abound. Here's an update ...
THE NEW HEAVY-OIL ECONOMICS
Technology is improving the ability to produce heavy oil, but there is a new economic paradigm: Portfolio managers can no ...
MOVING ON-WARD
Chesapeake Energy Corp. co-founder Tom Ward has taken the helm of SandRidge Energy Inc. to work the natural gas potential ...
MONUMENT BUTTE
Newfield Exploration has just begun to tap the billion-barrel potential of this field in the Uinta Basin. When Newfield ... NEWSWELL
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FROM THE EDITOR-IN-CHIEF
The New Breakeven
What is the breakeven price of a play? And what does it take into account, besides land, seismic, drilling and ... COMPLETIONS
IT'S IN THE DOUGH
Oil and gas executives are making hay while the sun shines-and long after sunset and on weekends too. It is ... TRENDS AND ANALYSIS
Cost Hyperinflation
During the past few years, hyperinflation in the oil and gas industry has resulted in billions of dollars of cost ... E&P MOMENTUM
24 YEARS IN THE MAKING
Onshore wildcatting is on the rise, a wonderful aspect of the current boom. Some of these tests are long-cherished prospects: ... EXPLORATION HIGHLIGHTS
Eastern U.S.
1 Palmer Petroleum Inc., Shreveport, La., took out a permit for a wildcat to Smackover at 12,000 ft. in southwestern ...
Gulf Coast
1 Houston-based Goodrich Petroleum Co. completed a discovery for 301,000 cu. ft. of gas and 95 bbl. of water a ...
Midcontinent and Permian Basin
1 Ron's Oil Operating Inc., Penokee, Kan., discovered oil at a rate of 144 bbl. a day on pump at ...
Western U.S.
1 Pioneer Natural Resources Alaska Inc., Irving, Texas, is ramping up its Oooguruk Field development with staging and pig-launcher pads ...
International Highlights
Drilling has started on a high-stakes exploration well in the Orphan Basin, about 350 kilometers offshore of Newfoundland, Canada. Chevron ... NEW FINANCINGS
New Financings
Exco Resources Inc.NYSE: XCODallasUS$1.3 billionPlans to sell 52 million units at up to US$25 each to pay debt connected with ... COMPANY BRIEFS
EPL cancels Stone deal; exploring sale of company
Energy Partners Ltd., New Orleans, (NYSE: EPL) has terminated its plan to acquire Stone Energy Corp., Lafayette, La., (NYSE: SGY) ...
Two new MLPs make a public debut
BreitBurn Energy Partners LP, Los Angeles, (Nasdaq: BBEP), a subsidiary of Provident Energy Trust, Calgary, (Toronto: PVE-UN.TO; NYSE: PVX) has ...
Additional News
Nabors Industries Ltd., Houston, (NYSE: NBR) and Greenwich, Conn.-based private-equity firm First Reserve Corp. plan to form NFR Energy ...
M&A News
A subsidiary of Exco Resources Inc., Dallas, (NYSE: XCO) has acquired Winchester Energy Co. Ltd. and its affiliated entities ... ON THE MONEY
Move Over, Opec
What drives oil prices and where are they headed? According to one analyst, traditional institutional funds and hedge funds are ... EDITORS COMMENT
Lower Tertiary Offshore Play Boasts Dozen Discoveries
The U.S. Minerals Management Service (MMS) tallies 12 discoveries announced by the industry in the ultra-deepwater Lower Tertiary trend in ...
After Market: Creating Value After Closing
Once the deal is closed, the real work begins. "There must be value creation throughout the process," says Sunil Deshmuk, ...
Southwestern's Shale Play Has Company Seeing Blue Sky
At the annual John S. Herold Pacesetters Energy Conference, the theme was rock and roll. So when Harold Korell began ...
Canadian Gas Supply
Gas producers in Canada have dramatically boosted their drilling efforts during the past few years, but initial productivity of new ...
U.S. Companies Show Strong Interest In Business In Libya
U.S.-Libya trade and business confidence has reached a new high, as U.S. companies show significant interest in doing business in ...
Investor Optimism Improves As Energy Costs Decline
A sharp drop in concerns about energy prices pushed investor optimism in August to 74, the highest level in the ...
Move Over, OPEC
What drives oil prices and where are they headed? According to one analyst, traditional institutional funds and hedge funds are ...
Monument Butte
When Newfield Exploration Co. paid $575 million to acquire the Monument Butte Field in Utah in August 2004 from Inland ...
It's In The Dough
Oil and gas executives are making hay while the sun shines-and long after sunset and on weekends too. It is ...
S&P: Oil, Gas Sector To Make $150 Billion In Stock Buybacks In 2006
In spite of mounting debt, the oil and gas sector is expected to make more than $150 billion in stock ...
Appalachia
Oil-patch writers often use such adjectives as venerable, aged and mature to characterize the Appalachian Basin. These descriptors are all ...
Nichols: 'We Had No Idea (Consolidation) Would Go This Far'
When chairman and chief executive J. Larry Nichols founded Devon Energy Corp. with his father, John, in 1988, there were ...
22 Years In The Making
Onshore wildcatting is on the rise, a wonderful aspect of the current boom. Some of these tests are long-cherished prospects: ...
Panelists Discuss Ongoing Fundamentals Of LNG Expansion
This is an incredibly friendly time to be an LNG (liquefied natural gas) seller, according to BP Plc's Doug Rothenberg, ...
Pickering Forecasts The M&A Dance Is Far From Over
The major oil companies may look at buying U.S. independents next year, according to Dan Pickering, managing director of Houston-based ...
The New Breakeven
What is the breakeven price of a play? And what does it take into account, besides land, seismic, drilling and ...
Cost Hyperinflation
During the past few years, hyperinflation in the oil and gas industry has resulted in billions of dollars of cost ...
Walker: U.S. Trusts Will Be Dominant E&P Players In Half-Dozen Years
The upstream master limited partnership (MLP) format will become an important player in the U.S. upstream oil and gas space, ...
Capital Choices
In the wake of the recent precipitous slide in commodity prices, there may well come a time shortly when independents ...
Chesapeake Expanding Stake In Far Western Texas' Barnett, Woodford
Chesapeake Energy Corp. is expanding its position in another Barnett Shale play-that of far West Texas in the Delaware Basin, ... HEADLINES
Canadian Oil Sands To Acquire Talisman's Syncrude Interest
Canadian Oil Sands Ltd., a subsidiary of Canadian Oil Sands Trust, Calgary, (Toronto: COS-UN) plans to acquire noncore Canadian oil-sands ...
Pengrowth To Buy Canada-Based Burlington Subsidiaries
Pengrowth Energy Trust, Calgary, (Toronto: PGF-UN; NYSE: PGH) plans to acquire four Canada-based subsidiaries of Burlington Resources Ltd., a subsidiary ...
Omni Plans To Acquire Charles Holston Inc.
Omni Energy Service Corp., Carenco, La., (Nasdaq: OMNI) plans to acquire privately owned Charles Holston Inc., Jennings, La., for ...
AREH Acquires Assets From National Energy Group
American Real Estate Holdings LP, Mt. Kisco, N.Y., (NYSE: ACP) and its indirect subsidiary NEG Oil & Gas LLC, have ...
SandRidge Closes NEG Acquisition
Privately held SandRidge Energy Inc. (formerly Riata Energy Inc.), Oklahoma City, has closed its acquisition of NEG Oil & Gas ...
Jed And JMG Cancel Merger
Jed Oil Inc., Calgary, (Amex: JDO) has canceled its proposed acquisition of JMG Exploration Inc., Calgary, (NYSE: JMG) in which ...
Callon Names Weatherly CFO
Callon Petroleum Co., Natchez, Miss., (NYSE: CPE) has named Bob Weatherly executive vice president and chief financial officer. He was ...
Isramco To Acquire Assets From Five States
Isramco Inc., Houston, (Nasdaq: ISRL) plans to acquire certain properties in Texas and New Mexico from privately held Five States ...
Edge Petroleum Plans To Acquire South Texas Assets
Edge Petroleum Corp., Houston, (Nasdaq: EPEX) plans to acquire properties in 13 counties in southeast and South Texas from an ...
Jed Oil Closes Alberta Sale
Jed Oil Inc., Calgary, (Amex: JDO) has sold its working interests in the East Ferrier area of Alberta to an ...
Apache Acquires Pan American Assets
Apache Corp., Houston, (NYSE: APA) has acquired additional interests in Argentina's Tierra del Fuego province from Argentina-based Pan American Fueguina ...
PetroQuest Sells Gulf Of Mexico Assets
PetroQuest Energy Inc., Lafayette, La., (NYSE: PQ) has sold its interests in 17 mature Gulf of Mexico fields to an ...
Tusk Energy Plans To Acquire Zenas Energy
Tusk Energy Corp., Calgary, (Toronto: TSK) plans to acquire Zenas Energy Corp., Calgary, (Toronto: ZNS) for 1.033 Tusk share per ...
Dana Gas To Acquire Centurion Energy
Dana Gas PJSC, Sharja, United Arab Emirates, (Abu Dhabi: DANA) plans to acquire Centurion Energy International Inc., Calgary, (Toronto: CUX) ...
BHP, Hess And Repsol To Acquire Gulf Assets
BHP Billiton, Melbourne, Australia, (NYSE: BHP) Hess Corp., New York, (NYSE: HES) and Repsol YPF, Madrid, Spain, (NYSE: REP) plan ...
Pride International Buys Out Partner's Interests In Submersibles
Pride International Inc., Houston, (NYSE: PDE) has acquired its undisclosed partner's interest in the joint venture companies that own the ...
El Paso Plans To Acquire East Texas Assets
El Paso Exploration & Production Co., a subsidiary of El Paso Corp., Houston, (NYSE: EP) plans to acquire producing properties ...
Hydril Names Christopher Seaver Chairman
Hydril, Houston, (Nasdaq: HYDL) has named Christopher T. Seaver chairman. He will remain president and chief executive. ...
Complete Production Acquires Pumpco
Complete Production Services Inc., Houston, (NYSE: CPX) has acquired privately held Pumpco Services Inc., Gainsville, Texas, for $157.5 million in ...
Sondex Plans To Cancel Acquisition Of Innicor
Sondex Plc, London, (London: SDX) plans to cancel its acquisition of Innicor Subsurface Technologies Inc., Calgary, (Toronto: IST) for C$3.75 ...
Hercules Offshore Closes Acquisition Of Liftboats From Halliburton
A subsidiary of Hercules Offshore Inc., Houston, (Nasdaq: HERO) has closed its acquisition of eight liftboats and assumed the rights ...
Santos Continues Offer For Queensland Gas
Santos CSG Pty Ltd., a subsidiary of Santos Ltd., Adelaide, Australia, (Nasdaq: STOSY, Australia: STO) plans to continue with its ...
Statoil To Acquire Deepwater Gulf Assets From Anadarko
Statoil ASA, Stavanger, Norway, (Oslo: STL; NYSE: STO) plans to acquire interests in and around two deepwater Gulf of Mexico ...
Chaparral Energy Closes Acquisition Of Calumet Oil
Privately held Chaparral Energy Inc., Oklahoma City, has closed its acquisition of Tulsa, Okla.-based Calumet Oil Co. and certain affiliates ...
Canadian Natural Closes Anadarko Canada Acquisition
Canadian Natural Resources Ltd., Calgary, (Toronto, NYSE: CNQ) has closed the acquisition of Anadarko Canada Corp., a subsidiary of Anadarko ...
Dominion Plans To Sell E&P Assets
Dominion, Richmond, Va., (NYSE: D) plans to sell most of its E&P assets to focus on its electric generation and ...
Endeavour Acquires Talisman Expro Ltd.
Endeavour Energy UK Ltd., a subsidiary of Endeavour International Corp., Houston, (Amex: END) has acquired Talisman Expro Ltd. from Talisman ...
Petro-Canada Acquires 90% Interest In Syrian Operation From Marathon
Petro-Canada, Calgary, (Toronto: PCA; NYSE: PCZ) has acquired a 90% interest in a production-sharing contract in Syria from a subsidiary ... COMPANIES IN THIS ISSUE
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