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Magazine - February 2006

Mariner Energy chief executive Scott Josey looks forward to running a soon-to-be-public company that has a transaction under way that


FEATURES
Service-Side Capacity

Burned once, oil-service companies are playing chicken with producers: show us the money, then we'll show you more iron. This ...

Whopping Wamsutter

Billions of dollars will be spent in southwestern Wyoming's Wamsutter area during the next several years to recover hundreds of ...

Pipeline Revival

Operators have 18,500 miles of new gas, crude-oil and petroleum pipelines across North America under way or in review. North American ...

Play it again, Sam

Private-equity funds are helping seasoned E&P management teams repeat earlier upstream successes under new banners. With billions of private-equity dollars pouring ...

NEWSWELL
 
FROM THE EDITOR-IN-CHIEF
The Boomers are Booming

The media has been full of reports that this year, the first of the huge and influential baby-boom generation turns ...

COMPLETIONS
Who's No. 4?

Tom Price, here it is. The senior vice president, investor and government relations, at Chesapeake Energy Corp. has (pleasantly) noted ...

TRENDS AND ANALYSIS
XOM-Post Raymond

ExxonMobil Corp. shareholders loved Lee Raymond, the chairman and chief executive who has his own encyclopedia entry and who has ...

E&P MOMENTUM
Another Green Canyon Monster

The last days of 2005 brought an announcement from Chevron and its partners that a Gulf of Mexico wildcat they ...

EXPLORATION HIGHLIGHTS
Eastern U.S.

1 Mariner Energy Inc., Houston, scheduled its first Rincon prospect test at the #1-OCS-G-26205 in 2,270 ft. of water in ...

Gulf Coast

1 Red Willow Production LLC, Houston, permitted the #1 Alligator Creek with plans to drill to 19,000 ft. The wildcat ...

Midcontinent & Permian Basin

1 Hays, Kan., independent Downing-Nelson Oil Co. completed a producer in the Arbuckle, one of two pays encountered with the ...

Western U.S.

1 Alaska's Division of Oil & Gas has approved the Northeast Storms and Jacob's Ladder exploratory units on the North ...

International Highlights

Partners in a Sudanese block are preparing to step up exploration after a Comprehensive Peace Agreement is signed and the ...

NEW FINANCINGS
Equity/Debt Table

Equity Company Exchange / Symbol Headquarters Amount Comments Exco Resources Inc. NYSE: XCO Dallas US$750 million Plans an IPO. Bear, Stearns & Co. Inc.,Goldman, Sachs & Co. and J.P. Morgan ...

COMPANY BRIEFS
ConocoPhillips grows U.S. gas position with BR

ConocoPhillips, Houston, (NYSE: COP) plans to acquire Houston-based Burlington Resources Inc. (NYSE: BR) in a transaction valued at $35.6 billion ...

Petrohawk expands in North Louisiana

Petrohawk Energy Corp., Houston, (Nasdaq: HAWK) plans to acquire gas properties in the Elm Grove and Caspiana fields in North ...

Additional news

• Privately held Canaan Resources LLC, Oklahoma City, a long-life-gas asset-acquisition company, has been formed with a $150-million commitment from ...

ON THE MONEY
Sanguine Sentiment

Talk to virtually any E&P or oil-service analyst these days and their message is essentially the same: look for 2006 ...

EDITORS COMMENT
Energy Stocks Gained $500B In Market Cap In 2005

2005 marked the fourth straight year of good times for energy investors. While the U.S. budget for the current fiscal ...

Another Green Canyon Monster

The last days of 2005 brought an announcement from Chevron and its partners that a Gulf of Mexico wildcat they ...

XOM Post-Raymond

ExxonMobil Corp. shareholders loved Lee Raymond, the chairman and chief executive who has his own encyclopedia entry and has run ...

The Boomers Are Booming

The media has been full of reports that this year, the first of the huge and influential baby-boom generation turns ...

Who's No. 4?

Tom Price, here it is. The senior vice president, investor and government relations, at Chesapeake Energy Corp. has (pleasantly) noted ...

Gas Transition

Trends show U.S. gas production on a steady decline, despite a nearly all-out push by E&P companies in recent months ...

Hop On The Rocket

Last year was one of the most dramatic ever in the oil and gas industry. The repercussions of it will ...

HEADLINES
Andes Petroleum Closes Acquisition Of EnCana's Ecuador Interests

Andes Petroleum Co., a joint venture of Chinese petroleum companies, has closed the acquisition of all of the oil and ...

Peoples Purchases Cotton Valley Properties

Peoples Energy Production, the oil and gas production subsidiary of Peoples Energy, Chicago, (NYSE: PGL) has acquired oil and gas ...

Highpine Oil & Gas Closes Acquisition Of White Fire Energy

Highpine Oil & Gas Ltd., Calgary, (Toronto: HPX) has closed the acquisition of White Fire Energy Ltd., Calgary (Toronto: WF). ...

Western Gas Resources To Buy CBM Properties

Western Gas Resources Inc., Denver, (NYSE: WGR) plans to acquire coalbed-methane properties and related gathering assets in the Big George ...

Kennedy Oil To Sell Wyoming Assets

Privately held, Gillette, Wyo.-based Kennedy Oil plans to sell its assets in Johnson, Sweetwater and Converse counties, Wyoming, in three ...

Paramount Closes Acquisition Of Private Company

Paramount Energy Trust, Calgary, (Toronto: PMT.UN) has closed the acquisition of a private company active in gas exploration and development ...

Talisman In Talks To Acquire North Sea Assets

Talisman Energy (UK) Ltd., a wholly owned subsidiary of Talisman Energy Inc., Calgary, (Toronto, NYSE: TLM) has entered into exclusive ...

Mullen Group Income Fund To Buy Producers' Oilfield Services

Mullen Group Income Fund, Calgary, (Toronto: MTL.UN) plans to merge with Calgary-based Producers Oilfield Services Inc. (Toronto: POS). Through the ...

Forest To Buy East Texas Assets

Forest Oil Corp., Denver, (NYSE: FST) has entered agreements with privately held Chalker Energy Partners and five undisclosed private entities ...

Stallion Oilfield To Buy Trail Blazer Hot Shot Inc.

Stallion Oilfield Services, Houston, has acquired Elk City, Okla.-based Trail Blazer Hot Shot Inc. Trail Blazer is a provider of ...

Connacher To Buy Luke Energy

Connacher Oil and Gas Ltd., Calgary, (Toronto: CLL) plans to acquire Luke Energy Ltd., Calgary, (Toronto: LKE) for C$2.31 in ...

Noble Energy To Buy United States Exploration

Noble Energy Inc., Houston, (NYSE: NBL) plans to acquire privately held, Billings, Montana-based United States Exploration Inc. for $411 million. The ...

BG, Anadarko & Petro-Canada Enter Joint Venture For Alaska Acreage

Houston-based BG Alaska E&P Inc., a wholly owned subsidiary of BG Group Plc, has signed a participation agreement with Anadarko ...

Rex Energy Buys West Texas Properties

Privately held, Pennsylvania-based Rex Energy reports that Rex Energy II Ltd. Partnership has closed the acquisition of several oil and ...

Northstar Interests Inc. To Buy Petrohawk GOM Properties

Privately held, Houston-based Northstar Interests Inc. plans to acquire substantially all of the Gulf of Mexico properties of Petrohawk Energy ...

XTO To Buy TX & MI Properties From Total E&P USA

XTO Energy Inc., Fort Worth, Texas, (NYSE: XTO) plans to acquire producing properties in East Texas and Mississippi from Total ...

Delta To Buy Utah Interest

Delta Petroleum Corp., Denver, (Nasdaq: DPTR) plans to acquire a 65% working interest in approximately 88,000 acres in the central ...

SignalEnergy To Sell Alberta Reserves

SignalEnergy Inc., Calgary, (Toronto: SGI) plans to sell 4.84 million barrels of oil equivalent of reserves, 70,952 acres (40,910 net) ...

Denbury Resources Closes Purchase Of AL & MI Properties

Denbury Resources Inc., Dallas, (NYSE: DNR) has closed the acquisition of oil properties in Mississippi and Alabama for approximately $248 ...

Baker Hughes Acquires Nova Technology

Baker Hughes Inc., Houston, (NYSE: BHI) has acquired Broussard, La.-based Nova Technology Corp. for approximately $70 million in cash and ...

Petro-Canada Closes Sale Of Syrian Assets

A joint venture of companies owned by India's Oil and Natural Gas Corp. Ltd. (ONGC) and the China National Petroleum ...

COMPANIES IN THIS ISSUE
Company Index

A.G. Edwards & Sons Inc. 5, 80 Acon Investments 41 Aker Kvaerner MH 38 Albrecht & Associates 40 Alpine Inc. 12 Amberjack Pipeline Co. LLC 55 American Association of Petroleum Geologists 73, ...



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