Hart Energy Publishing
Magazine - March 2006

Alabama's natural gas production peaked at 1.25 billion cubic feet (Bcf) of gas per day in 1994, when state volumes


FEATURES
Deep Utah

Eastern Utah's Tavaputs Plateau defines desolation. Pavement and services are nonexistent, and the rutted, rocky roads that curl through the ...

Repeatable

When thinking of "Top of Class" among E&P executives, XTO Energy Inc. chairman and chief executive Bob R. Simpson comes ...

East Coast Buyside

Were Paul Revere alive today and a Boston buysider focused on energy, he would likely be riding through the New ...

2005 Oil and Gas Investor Excellence awards

By any measure, 2005 was a remarkable year for the upstream industry and its investors. It was a year no ...

Independent U.S. Gas

America's top independent gas reserve-holders have each arrived there by honing a strength in the U.S. marketplace, and they're sticking ...

Upstream Lending

Seasoned commercial energy lenders and well-respected newcomers are still keeping in step with an E&P industry that refuses to slow ...

The U.S. Asset Portfolio

The second half of 2005, especially during December, was one of the busiest periods in recent memory in the E&P ...

To Be or Not To Be

We last spoke with geologist Gerald (Jerry) Walston in June 1992, right after he returned from Western Siberia, where for ...

NEWSWELL
 
FROM THE EDITOR-IN-CHIEF
Addicted

Three events in early February reminded me of the variety inherent in the global oil patch and the interplay of ...

COMPLETIONS
Vitamin G

It's been whipped by hurricanes, squeezed by rising insurance costs and nostalgic for the days of cheap dayrates, which were ...

TRENDS AND ANALYSIS
Energy IPOs

Energy IPO investors have been handsomely rewarded, making for further interest in initial public offerings. "Much of the IPO activity in ...

E&P MOMENTUM
Virginia's CBM Play

A small area in far western Virginia is pushing out amazing volumes of natural gas. The state's production has jumped ...

EXPLORATION HIGHLIGHTS
Eastern U.S.

1 The Meridian Resource & Exploration Co., Houston, brought in a second successful exploration well at its Gato del Sol ...

Gulf Coast

1 Andrew Alan Exploration Inc., Kilgore, Texas, permitted the 11,000-ft. #1 Van McElroy wildcat to evaluate Cotton Valley in Cery ...

Midcontinent & Permian Basin

1 Downing-Nelson Oil Co., Hays, Kan., completed a wildcat 2.5 miles east of Victoria, Kan., in southeastern Ellis County. The ...

Western U.S.

1 Alaska's Oil and Gas Conservation Commission approved drilling permits on three ventures put together by the FEX LP subsidiary ...

International Highlights

After nearly two decades, the three U.S. oil firms that form the Oasis group have returned to Libya. After last-minute ...

NEW FINANCINGS
Equity/Debt Table

Chaparral Energy Inc. NA Oklahoma City US$345 million Filed for an IPO to pay outstanding debt and for general corporate purposes. J.P. ...

COMPANY BRIEFS
W&T to take GOM assets of Kerr-McGee

W&T Offshore Inc., Houston, (NYSE: WTI) plans to acquire substantially all of Oklahoma City-based Kerr-McGee Corp.'s (NYSE: KMG) Gulf of ...

Cal Dive expands in GOM, adding Remington

Oil-service company Cal Dive International Inc., Houston, (Nasdaq: CDIS) plans to acquire Dallas-based Remington Oil and Gas Corp. (NYSE: REM) ...

Noble Energy to bring in USE's D-J Basin assets

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

Additional News

• Tecton Energy LLC, Houston, received a $30-million equity commitment from affiliates of Quantum Energy Partners to fund E&P activities ...

ON THE MONEY
Beating the Street

Look for E&P and oil-service stocks to once again beat the broad market in 2006 as commodity prices and energy-sector ...

EDITORS COMMENT
Deep Utah Potential

Eastern Utah's Tavaputs Plateau defines desolation. Pavement and services are nonexistent, and the rutted, rocky roads that curl through the ...

Vitamin G

It's been whipped by hurricanes, squeezed by rising insurance costs and nostalgic for the days of cheap dayrates, which were ...

Addicted

Three events in early February reminded me of the variety inherent in the global oil patch and the interplay of ...

Upstream Lending

Seasoned commercial energy lenders and well-respected newcomers are still keeping in step with an E&P industry that refuses to slow ...

Repeatable Resourcefulness

When thinking of "Top of Class" among E&P executives, XTO Energy Inc. chairman and chief executive Bob R. Simpson comes ...

HEADLINES
Noble Closes U.S. Exploration Acquisition

Noble Energy Inc., Houston, (NYSE: NBL) has closed its previously announced purchase of United States Exploration Inc., a privately held ...

Pioneer Closes GOM Sale To Merubeni

Pioneer Natural Resources USA Inc., a subsidiary of Pioneer Natural Resources Co., Dallas, (NYSE: PXD) has closed the sale of ...

Bracken Moves To Randall & Dewey I-Banking

Jefferies & Co. Inc., the principal operating subsidiary of Jefferies Group Inc., New York, (NYSE: JEF) reports Frank D. Bracken ...

Five States Energy To Divest Sand Hills, Texas, Properties

Five States Energy Co. LLC, Dallas, an independent oil and gas company, has hired Energy Spectrum Advisors Inc., Dallas, to ...

PHI To Redeem $200 Million Of Senior Notes

PHI Inc., Lafayette, La., (Nasdaq: PHII) has commenced a cash offer for its outstanding US$200 million aggregate principal amount of ...

XTO Energy Raises $1 Billion In Debt Capital

XTO Energy Inc., Fort Worth, Texas, (NYSE: XTO) has priced $400 million of 5.65% senior notes due April 1, 2016, ...

Enterra Acquires Producing Assets In Oklahoma

Enterra Energy Trust, Calgary, (NYSE: ENT; Toronto: ENT.UN) completed the second closing of the acquisition of producing assets in Oklahoma ...

Pinnacle Group To Buy Maverick Energy

Pinnacle Group Unlimited Inc., Las Vegas, (Pink Sheets: PGPU) has agreed to purchase of all the assets and liabilities of ...

Wells Fargo Names New Head Of Energy Group

Wells Fargo & Co., San Francisco, (NYSE: WFC) has named Kyle Hranicky head of the Wells Fargo Energy Group. Hranicky ...

Shell E&P Establishes Oil-Sands Subsidiary

Shell Exploration & Production in the Americas (NYSE: RDS.A; RDS.B) has established Sure Northern Energy Ltd., a Canadian corporation, to ...

Lime Rock Invests In Rig Builder, IDM Equipment

Lime Rock Partners, Houston, a private equity firm focusing on the energy industry, announced an investment in IDM Equipment, Inc., ...

Compton Buys Out Callum Partner

Compton Petroleum Corp., Calgary, (Toronto: CMT; NYSE: CMZ) has acquired its partner's working interest in the Callum play in southern ...

ExxonMobil Subsidiaries Sign JV Agreement For Indonesian Block

ExxonMobil Corp., Irving, Texas, (NYSE: XOM) reports that its subsidiaries Mobil Cepu Ltd. and Ampolex (Cepu) Pte. Ltd. have signed ...

Energy Spectrum Capital Invests $30MM In Forrest Drilling

Energy Spectrum Capital, Dallas, through its current fund Energy Spectrum Partners IV LP, has invested $30 million in Oklahoma-based Forrest ...

Tetra Technologies Buys Two Barges

Tetra Techonologies Inc., The Woodlands, Texas, (NYSE: TTI) has added two heavy lift derrick barges to its offshore well abandonment ...

Sequoia Resources Formed

Houston-based Quantum Energy Partners III LP, Ed Hutchinson, Phil Peron and Steve Salge have formed Houston-based Sequoia Resources LP with ...

Lukoil To Acquire Chaparral Resources

Lukoil Overseas Holding Ltd., a wholly owned subsidiary of Russia-based Lukoil, plans to acquire Chaparral Resources Inc., White Plains, ...

TCW To Acquire Membership Units Of CDX LLC

A special purpose affiliate of Los Angeles-based investment fund TCW plans to acquire membership units of CDX LLC, the parent ...

Amerada Hess To Change Its Name

Amerada Hess Corp., New York, (NYSE: AHC) plans to change its name to Hess Corp. The Hess brand is established ...

Black Hills To Acquire Piceance Basin Assets

Black Hills Corp., Rapid City, S.D., (NYSE: BKH) plans to acquire assets in the Piceance Basin of western Colorado from ...

Vermilion Energy Trust To Acquire Interest In Esso SAF

Vermilion Energy Trust, Calgary, (Toronto: VET.UN) plans to purchase 89.88% of Esso SAF, the French subsidiary of Irving, Texas-based Exxon ...

Resilient Resources To Combine With Guardian Exploration

Resilient Resources Ltd., Calgary, (Toronto: RRL) plans to merge with privately held Guardian Exploration Inc. The combined company will continue ...

XTO Closes Acquisition Of Properties From Total

XTO Energy Inc., Fort Worth, Texas, (NYSE: XTO) has closed the acquisition of producing properties in East Texas and Mississippi ...

The Houston Exploration Co. To Sell GOM Assets

The Houston Exploration Co., Houston, (NYSE: THX) plans to sell the Texas portion of its Gulf of Mexico assets to ...

SignalEnergy Closes Initial Sale Of Alberta Properties

SignalEnergy Inc., Calgary, (Toronto: SGI) has closed the first sale of a significant portion of its assets for C$44 million ...

COMPANIES IN THIS ISSUE
Company Index

A.G. Edwards & Sons Inc. 29 A.G. Edwards & Sons Inc 7, 114, 119 Addax Petroleum Corp. 119 Albrecht & Associates Inc. 52 Alpine Inc. 24 Amaranth Group Inc. 46 Amerada Hess 106 American ...



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