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In the oil and gas industry, uncertainty comes with the territory. Estimates of reserves and future prices and costs, valuation FEATURES
GOOD NEIGHBOR
More than a few oil and gas companies have avoided operating in a state like California, known for its heightened ...
STAYING OUT
After going public in February 2001, Houston-based ATP Oil & Gas Corp. (Nasdaq: ATPG) made a commitment to get its ...
DEEP WATER DELIVERS
The romance of deepwater exploration is undeniable. During the past decade, monster finds have been made in deepwater's Golden Triangle ...
BEFORE INVESTING
High commodity prices have generated intense new interest in oil and gas investing. Energy private-equity funds are flush with cash, ...
GULF OF MEXICO INSURANCE
The devastation hurricanes Katrina and Rita caused to Gulf of Mexico energy operations is well documented. Losses to the offshore ...
MIDSTREAM MAGNET
More of today's private-equity firms, institutional investors and master limited partnerships (MLPs) are investing higher dollar amounts in midstream ventures. ...
FREEING ROSETTA
When California-based power company Calpine Corp.'s finances came under pressure in 2003, it came to view its Houston-based E&P subsidiary, ... NEWSWELL
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FROM THE EDITOR-IN-CHIEF
The Great Commodity Squeeze
The great commodity squeeze of the 2000s is on. At this writing, the prices of oil, gold and silver have ... COMPLETIONS
Long-Lived Reserves
Shares of The Houston Exploration Co. jumped at press time on news of pressure from hedge-fund manager Barry Rosenstein that ... TRENDS AND ANALYSIS
First-quarter Results
The year certainly started with a bang for many of the energy companies in the John S. Herold Inc. universe. ... E&P MOMENTUM
Loop Currents and Hurricanes
Deepwater drillers in the Gulf of Mexico have to contend with many issues-rig availability, lease expirations, opaque subsalt seismic images, ... EXPLORATION HIGHLIGHTS
Eastern U.S.
1 Denbury Onshore LLC, Plano, Texas, permitted a 16,800-ft. wildcat for northern Rankin County in central Mississippi. The #1 Pearl ...
Gulf Coast
1 J-OB Operating Co., Shreveport, La., staked a remote wildcat in southeastern Lamar County, Texas (RRC 5). The well will ...
Midcontinent and Permian Basin
1 Vincent Oil Corp., Wichita, Kan., staked a wildcat 3.5 miles south and slightly east of Edmond, Kan., in southern ...
Western U.S.
1 BP Exploration, with a U.S. Department of Energy grant, will drill a gas-hydrate test about 28 miles west of ...
International Highlights
Australia has launched a new gas strategy to increase liquefied natural gas (LNG) exports fourfold during the next 10 years, ... NEW FINANCINGS
Equity/Debt Table
ATP Oil & Gas Corp. Houston Nasdaq: ATP US$150 million Privately placed non-convertible, perpetual preferred stock with a non-cash dividend of 12.5% Falcon ... COMPANY BRIEFS
Pogo wins Latigo for $750 million
Pogo Producing Co., Houston, (NYSE: PPP) plans to acquire privately held Latigo Petroleum Inc., Tulsa, Okla., and its assets in ...
Hydro reports staffing challenges post-Spinnaker
The E&P labor market is very difficult today, says Norsk Hydro ASA's Gulf of Mexico business chief. Professionals are trading ...
Additional news
Houston-based Complete Production Services Inc. plans to file for an IPO with the New York Stock Exchange of 21.7 ...
M&A News
A special-purpose affiliate of Los Angeles-based investment fund TCW plans to acquire membership units of CDX LLC, the parent ... ON THE MONEY
Defaults a Possibility
Despite the U.S. independent E&P sector's current strong performance, its history of high volatility and cyclicality will continue-and eventually the ... EDITORS COMMENT
Survey: Gulf Of Mexico Assets Are The Most Expensive In The World
Proved reserves in the Gulf of Mexico are the most expensive in the world currently-more expensive than reserves in the ...
The Great Commodity Squeeze
The great commodity squeeze of the 2000s is on. At this writing, the prices of oil, gold and silver have ...
Global Oil Demand Risk For 2006 Surfaces With IEA Report
Global oil demand this year might not be as high as earlier thought, according to one leading crude-markets tracker. Going into ...
Defaults A Possibility
Despite the U.S. independent E&P sector's current strong performance, its history of high volatility and cyclicality will continue-and eventually the ...
Howard Weil Presenters Expecting Production Growth In 2006
Production growth in 2006 and beyond was the stated goal for more than 120 E&P presenters at the 34th annual ...
AAPG Speakers Debate How To Hike World Oil Supply Vs. Not Using Oil
It's a sign of the times that at the annual convention of the American Association of Petroleum Geologists, held in ...
London AIM Debunking The Myth Of The Easy IPO
A variety of rumors have been floated about the London AIM (alternative investment market). Two of the most erroneous are ...
High Oil Prices May Continue For At Least Five More Years
About 400 people attending the 12th annual Executive Oil Conference, sponsored by Petroleum Strategies Inc. in Midland, Texas, recently heard ...
Deepwater Delivers
The romance of deepwater exploration is undeniable. During the past decade, monster finds have been made in deepwater's Golden Triangle ...
WoodMac: Expected LNG Supply To U.S. Is Stabilizing
Growing liquefied natural gas (LNG) supplies have been touted as the answer to averting an energy disaster in the U.S. ...
Improved Industry Image Needed To Replenish E&P Workforce
Not enough kids are saying, "I want to be a petroleum engineer when I grow up." In fact, the dwindling ...
Jana's New Target
Shares of The Houston Exploration Co. jumped at press time on news of pressure from hedge-fund manager Barry Rosenstein that ... HEADLINES
Kinder Morgan Investors Plan Management Buyout
Kinder Morgan Inc., Houston, (NYSE: KMI) has received a proposal from a group of investors led by Richard D. Kinder, ...
Endeavour Plans North Sea Purchase From Talisman
Endeavour Energy UK Ltd., a subsidiary of Endeavour International Corp., Houston, (Amex: END) plans to purchase Talisman Expro Ltd. from ...
EPL Counters Plains' Bid For Stone
Energy Partners Ltd., New Orleans, (NYSE: EPL) plans to outbid the offer from Plains Exploration & Production Co., Houston, (NYSE: ...
Pinnacle Files A $276.1 Million 144A Placement
Sheridan, Wyo.-based Pinnacle Gas Resources Inc. has filed for a 144A placement of 25.1 million shares for expected proceeds of ...
Bankers Acquires Unconventional U.S. Assets From Vintage
Bankers Petroleum Ltd., Calgary, (Toronto; London AIM: BNK) has closed the acquisition of approximately 250,000 net acres of unconventional assets ...
Geocan Plans To Increase Its Alberta Presence
Geocan Energy Inc., Calgary, (Toronto: GCA) plans to acquire an undisclosed private company for approximately C$18 million, including the assumption ...
Lukoil To Acquire Marathon's Western Siberian Assets
Lukoil, Moscow, (Pink Sheets: LUKOF) plans to acquire E&P businesses in the Khanty Mansiysk region of western Siberia, Russia, from ...
Noble Sells GOM Assets To Coldren Resources For $625 Million
Coldren Resources LP, a subsidiary of privately held Coldren Oil & Gas Co., New Orleans, plans to acquire the Gulf ...
Petro-Canada Makes Unsolicited Offer For Canada Southern Petroleum
Petro-Canada, Calgary, (NYSE: PCZ; Toronto: PCA) has made an unsolicited offer for Canada Southern Petroleum Ltd., Calgary, (Nasdaq: CSPLF; Toronto: ...
Penn Virginia Plans Aquisition Of Crow Creek Holding
Penn Virginia Corp., Radnor, Penn., (NYSE: PVA) plans to acquire privately owned Tulsa, Okla.-based Crow Creek Holding Corp. for $71.5 ...
Range Resources Plans To Buy Rival For $456 Million
Range Resources Corp., Fort Worth, Texas, (NYSE: RRC) plans to acquire privately owned Fort Worth, Texas-based Stroud Energy Inc. for ...
Tom Ward To Acquire Majority Share of Riata
Tom L. Ward plans to acquire the majority of privately-held Riata Energy Inc., Amarillo, Texas, from the company's founder Malone ...
Denbury Plans Northern Louisiana Expansion
Denbury Resources Inc., Dallas, (NYSE: DNR) plans to acquire the Delhi Holt-Bryant Unit in northern Louisiana from Natural Gas Systems ...
Shell Canada To Acquire BlackRock For C$2.4 Billion
Shell Canada Ltd., Calgary, (Toronto: SHC) plans to acquire BlackRock Ventures Inc., Calgary, (Toronto: BVI) for C$2.4 billion in cash. Shell ...
Devon To Buy Chief For $2.2B
Devon Energy Corp., Oklahoma City, (NYSE: DVN) plans to acquire the Barnett Shale E&P properties in north Texas of privately ...
Cano Increases Its Assets In Texas Panhandle Field
A subsidiary of Cano Petroleum Inc., Fort Worth, Texas, (Amex: CFW) has acquired producing properties in the Texas Panhandle Field ... COMPANIES IN THIS ISSUE
Company Index
A&D Strategies and Opportunities Conference 64 A.G. Edwards & Sons 53 Acergy SA 86 Alamo Operating Co. LC 70 Albrecht & Associates 44 Alpine Inc. 22 Amerada Hess Corp. 14, ... |
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